Verdence Capital Advisors LLC Has $402,000 Position in Diageo plc (NYSE:DEO)

Verdence Capital Advisors LLC cut its holdings in shares of Diageo plc (NYSE:DEOFree Report) by 46.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,759 shares of the company’s stock after selling 2,356 shares during the period. Verdence Capital Advisors LLC’s holdings in Diageo were worth $402,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new stake in Diageo during the third quarter worth about $27,000. Planned Solutions Inc. acquired a new position in shares of Diageo during the 4th quarter worth approximately $27,000. MCF Advisors LLC acquired a new position in shares of Diageo during the 3rd quarter worth approximately $30,000. First Command Advisory Services Inc. bought a new stake in shares of Diageo during the 3rd quarter worth approximately $48,000. Finally, Carmel Capital Partners LLC acquired a new stake in shares of Diageo in the 3rd quarter valued at approximately $49,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 1.0 %

Shares of DEO opened at $142.11 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The company’s 50-day moving average is $146.80 and its 200-day moving average is $146.39. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $190.02.

Diageo Cuts Dividend

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

Analyst Ratings Changes

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

Check Out Our Latest Analysis on DEO

Diageo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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