Diageo plc (NYSE:DEO) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lessened its stake in shares of Diageo plc (NYSE:DEO) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,742 shares of the company’s stock after selling 242 shares during the period. Horan Capital Advisors LLC.’s holdings in Diageo were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. acquired a new stake in Diageo during the fourth quarter worth about $27,000. Addison Advisors LLC grew its stake in shares of Diageo by 97.3% in the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after buying an additional 107 shares during the period. Criterion Capital Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth approximately $36,000. First Command Advisory Services Inc. purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $48,000. Finally, Carmel Capital Partners LLC acquired a new position in Diageo in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO stock opened at $137.44 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The firm’s 50 day moving average price is $145.01 and its 200-day moving average price is $145.62. Diageo plc has a one year low of $135.63 and a one year high of $188.23.

Diageo Cuts Dividend

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

Analyst Ratings Changes

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Company 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.