Carnegie Capital Asset Management LLC Has $281,000 Stock Holdings in Diageo plc (NYSE:DEO)

Carnegie Capital Asset Management LLC reduced its holdings in Diageo plc (NYSE:DEO) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,926 shares of the company’s stock after selling 100 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Diageo were worth $281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in Diageo in the 3rd quarter valued at approximately $263,000. Retirement Planning Co of New England Inc. increased its position in shares of Diageo by 51.0% during the third quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company’s stock worth $1,301,000 after buying an additional 2,946 shares during the period. Cerity Partners LLC increased its position in shares of Diageo by 6.1% during the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company’s stock worth $6,090,000 after buying an additional 2,400 shares during the period. Wellington Management Group LLP increased its position in shares of Diageo by 8.2% during the third quarter. Wellington Management Group LLP now owns 432,223 shares of the company’s stock worth $64,479,000 after buying an additional 32,928 shares during the period. Finally, Rockline Wealth Management LLC acquired a new stake in shares of Diageo during the fourth quarter worth $1,142,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas cut shares of 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3,778.00.

Diageo Stock Up 3.2 %

Shares of NYSE DEO opened at $140.35 on Thursday. Diageo plc has a 12-month low of $135.63 and a 12-month high of $190.02. The company’s fifty day simple moving average is $147.15 and its 200 day simple moving average is $146.56. 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 firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were paid a $1.62 dividend. This represents a dividend 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.