Diageo plc (NYSE:DEO) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,866 shares of the company’s stock after acquiring an additional 615 shares during the period. Yousif Capital Management LLC’s holdings in Diageo were worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Diageo by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock valued at $98,315,000 after purchasing an additional 138,406 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Diageo in the 4th quarter valued at about $15,391,000. HS Management Partners LLC raised its holdings in Diageo by 16.3% in the 4th quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock worth $102,866,000 after purchasing an additional 98,819 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Diageo by 43.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 321,606 shares of the company’s stock worth $47,977,000 after purchasing an additional 97,414 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Diageo in the third quarter valued at approximately $10,722,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DEO shares. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Performance

Diageo stock opened at $136.57 on Friday. The company has a fifty day simple moving average of $145.31 and a 200-day simple moving average of $145.73. 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 52-week low of $135.63 and a 52-week high of $188.23.

Diageo Cuts Dividend

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

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.