Galibier Capital Management Ltd. Purchases 5,813 Shares of Diageo plc (NYSE:DEO)

Galibier Capital Management Ltd. raised its position in shares of Diageo plc (NYSE:DEOFree Report) by 86.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,513 shares of the company’s stock after acquiring an additional 5,813 shares during the period. Diageo makes up about 0.5% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 19th largest position. Galibier Capital Management Ltd.’s holdings in Diageo were worth $1,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Diageo by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,580 shares of the company’s stock valued at $2,420,000 after acquiring an additional 58 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Diageo by 1.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,220 shares of the company’s stock worth $752,000 after purchasing an additional 60 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Diageo by 2.9% in the second quarter. Mirador Capital Partners LP now owns 2,199 shares of the company’s stock worth $381,000 after purchasing an additional 62 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Diageo by 4.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,558 shares of the company’s stock worth $270,000 after purchasing an additional 63 shares during the last quarter. Finally, Linscomb & Williams Inc. increased its position in Diageo by 5.3% during the 4th quarter. Linscomb & Williams Inc. now owns 1,298 shares of the company’s stock valued at $231,000 after purchasing an additional 65 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock traded down $1.31 during trading on Wednesday, reaching $147.77. The company had a trading volume of 351,047 shares, compared to its average volume of 794,354. The firm has a 50-day simple moving average of $148.02 and a 200-day simple moving average of $147.45. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a twelve month low of $135.63 and a twelve month high of $190.02.

Diageo Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 1st will be paid a $1.62 dividend. This represents a yield of 2.7%. The ex-dividend date is Thursday, February 29th.

Analyst Upgrades and Downgrades

A number of research firms have commented on DEO. BNP Paribas downgraded shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, UBS Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3,778.00.

Read Our Latest Stock Report on Diageo

Diageo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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