Bryn Mawr Capital Management LLC Sells 522 Shares of Diageo plc (NYSE:DEO)

Bryn Mawr Capital Management LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 10.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,473 shares of the company’s stock after selling 522 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Diageo were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA acquired a new position in shares of Diageo during the 3rd quarter worth $27,000. Planned Solutions Inc. acquired a new position in shares of Diageo during the 4th quarter worth $27,000. MCF Advisors LLC acquired a new position in shares of Diageo during the 3rd quarter worth $30,000. Criterion Capital Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth $36,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Diageo during the 3rd quarter worth $48,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DEO. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Argus cut Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Trading Up 0.3 %

NYSE DEO opened at $138.73 on Friday. The business’s 50-day moving average price is $146.29 and its two-hundred day moving average price is $146.13. Diageo plc has a 12 month low of $135.63 and a 12 month high of $189.54. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were given a $1.62 dividend. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 2.7%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.