Naples Global Advisors LLC Sells 7,758 Shares of Diageo plc $DEO

Naples Global Advisors LLC cut its holdings in Diageo plc (NYSE:DEO) by 33.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,447 shares of the company’s stock after selling 7,758 shares during the quarter. Naples Global Advisors LLC’s holdings in Diageo were worth $1,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DEO. Arlington Trust Co LLC grew its position in shares of Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after purchasing an additional 272 shares during the period. Spire Wealth Management grew its position in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the period. Sound Income Strategies LLC grew its position in shares of Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Diageo in the 3rd quarter valued at approximately $32,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. HSBC downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Trading Down 2.9%

NYSE:DEO opened at $81.90 on Tuesday. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average price of $78.71 and a two-hundred day moving average price of $87.04.

Diageo Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be issued a $0.80 dividend. This represents a dividend yield of 195.0%. The ex-dividend date of this dividend is Friday, April 17th.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.