Capital Investment Advisory Services LLC Sells 110 Shares of Diageo plc (NYSE:DEO)

Capital Investment Advisory Services LLC lessened its position in Diageo plc (NYSE:DEO) by 5.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,834 shares of the company’s stock after selling 110 shares during the period. Capital Investment Advisory Services LLC’s holdings in Diageo were worth $267,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Diageo in the 3rd quarter valued at approximately $27,000. Planned Solutions Inc. acquired a new position in shares of Diageo in the 4th quarter valued at approximately $27,000. MCF Advisors LLC acquired a new position in shares of Diageo in the 3rd quarter valued at approximately $30,000. Criterion Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Diageo in the 3rd quarter valued at approximately $48,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $140.37 on Thursday. The business’s 50-day moving average price is $146.64 and its 200-day moving average price is $146.27. 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 current ratio of 1.58 and a quick ratio of 0.65.

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 paid a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Analysts Set New Price Targets

A number of research firms have weighed in on DEO. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research 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 research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently 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.