Resonant Capital Advisors LLC Reduces Stock Holdings in Diageo plc (NYSE:DEO)

Resonant Capital Advisors LLC decreased its holdings in Diageo plc (NYSE:DEO) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,433 shares of the company’s stock after selling 107 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Diageo were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DEO. Sei Investments Co. lifted its position in Diageo by 6.8% during the first quarter. Sei Investments Co. now owns 47,667 shares of the company’s stock valued at $9,647,000 after buying an additional 3,034 shares during the period. Sequoia Financial Advisors LLC lifted its position in Diageo by 27.8% during the first quarter. Sequoia Financial Advisors LLC now owns 3,749 shares of the company’s stock valued at $762,000 after buying an additional 816 shares during the period. Merit Financial Group LLC lifted its position in Diageo by 19.2% during the first quarter. Merit Financial Group LLC now owns 1,228 shares of the company’s stock valued at $249,000 after buying an additional 198 shares during the period. Ergoteles LLC lifted its position in Diageo by 34.3% during the first quarter. Ergoteles LLC now owns 1,366 shares of the company’s stock valued at $277,000 after buying an additional 349 shares during the period. Finally, Prudential Financial Inc. lifted its position in Diageo by 33.5% during the first quarter. Prudential Financial Inc. now owns 6,788 shares of the company’s stock valued at $1,379,000 after buying an additional 1,704 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DEO shares. Argus lowered Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas lowered 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 stock. According to data from MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of $3,797.50.

Diageo Stock Down 0.0 %

NYSE DEO opened at $140.76 on Friday. Diageo plc has a one year low of $135.63 and a one year high of $190.02. The stock has a 50-day moving average of $146.90 and a 200 day moving average of $146.48. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

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

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.