Diageo plc (NYSE:DEO) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,237 shares of the company’s stock after buying an additional 759 shares during the period. Signaturefd LLC’s holdings in Diageo were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA purchased a new position in Diageo in the 3rd quarter worth $27,000. Planned Solutions Inc. acquired a new stake in shares of Diageo during the fourth quarter worth about $27,000. MCF Advisors LLC purchased a new stake in Diageo in the third quarter valued at approximately $30,000. First Command Advisory Services Inc. acquired a new position in Diageo in the 3rd quarter worth approximately $48,000. Finally, Carmel Capital Partners LLC purchased a new position in Diageo during the 3rd quarter worth approximately $49,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DEO. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note 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.com, Diageo currently has an average rating of “Hold” and an average target price of $3,797.50.

Diageo Price Performance

Diageo stock opened at $142.11 on Tuesday. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02. 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 business has a 50 day simple moving average of $146.80 and a 200-day simple moving average of $146.39.

Diageo Cuts Dividend

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

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.