Cary Street Partners Investment Advisory LLC Has $362,000 Stock Holdings in Diageo plc (NYSE:DEO)

Cary Street Partners Investment Advisory LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 67.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,487 shares of the company’s stock after selling 5,043 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Diageo were worth $362,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC lifted its stake in Diageo by 0.4% during the third quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock worth $355,661,000 after purchasing an additional 10,269 shares during the last quarter. Markel Group Inc. lifted its position in shares of Diageo by 0.3% during the 4th quarter. Markel Group Inc. now owns 1,354,708 shares of the company’s stock worth $197,327,000 after buying an additional 4,500 shares during the last quarter. Royal Bank of Canada boosted its stake in Diageo by 2.4% in the third quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock valued at $177,156,000 after buying an additional 27,851 shares in the last quarter. HS Management Partners LLC grew its position in Diageo by 16.3% in the fourth quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock valued at $102,866,000 after acquiring an additional 98,819 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Diageo by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock worth $98,315,000 after acquiring an additional 138,406 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus target price of $3,797.50.

Diageo Trading Down 0.8 %

DEO opened at $137.05 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $188.23. The company’s 50-day moving average is $145.62 and its 200 day moving average is $145.79.

Diageo Cuts Dividend

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

About Diageo

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.