Greenleaf Trust Has $643,000 Holdings in Diageo plc (NYSE:DEO)

Greenleaf Trust trimmed its position in shares of Diageo plc (NYSE:DEO) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,416 shares of the company’s stock after selling 179 shares during the quarter. Greenleaf Trust’s holdings in Diageo were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DEO. Western Wealth Management LLC raised its holdings in Diageo by 2.6% during the 3rd quarter. Western Wealth Management LLC now owns 2,559 shares of the company’s stock worth $382,000 after buying an additional 66 shares during the period. O Brien Greene & Co. Inc boosted its holdings in shares of Diageo by 2.4% in the third quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company’s stock valued at $443,000 after buying an additional 70 shares during the period. SVB Wealth LLC increased its position in shares of Diageo by 1.8% during the fourth quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock worth $581,000 after acquiring an additional 70 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE raised its holdings in shares of Diageo by 0.5% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after acquiring an additional 72 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Diageo by 3.3% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $142.11 on Tuesday. 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 1-year low of $135.63 and a 1-year high of $190.02. The company has a fifty 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. Stockholders of record on Friday, March 1st were issued a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Wall Street Analyst Weigh In

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

About Diageo

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.