Wynn Capital LLC Acquires Shares of 2,822 Diageo plc (NYSE:DEO)

Wynn Capital LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,822 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new position in Diageo during the third quarter worth about $263,000. Cerity Partners LLC raised its stake in 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 purchasing an additional 2,400 shares during the period. Retirement Planning Co of New England Inc. raised its stake in 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 purchasing an additional 2,946 shares during the period. Wellington Management Group LLP raised its stake in 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 purchasing an additional 32,928 shares during the period. Finally, Rockline Wealth Management LLC purchased a new stake in shares of Diageo in the 4th quarter valued at approximately $1,142,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Argus downgraded shares of 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3,797.50.

Diageo Trading Down 0.1 %

DEO stock traded down $0.11 during trading on Wednesday, hitting $140.37. The company had a trading volume of 457,714 shares, compared to its average volume of 809,314. The business has a 50 day moving average of $146.74 and a 200 day moving average of $146.31. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $190.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58.

Diageo Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders 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 dividend 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.