Diageo plc $DEO Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 53.5% during the fourth quarter, HoldingsChannel reports. The fund owned 65,452 shares of the company’s stock after selling 75,259 shares during the quarter. Natixis Advisors LLC’s holdings in Diageo were worth $5,647,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC boosted its stake in Diageo by 3.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after acquiring an additional 104 shares during the last quarter. Glenview Trust Co boosted its stake in Diageo by 3.7% during the 4th quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock valued at $253,000 after acquiring an additional 104 shares during the last quarter. Mission Wealth Management LP boosted its stake in Diageo by 4.0% during the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after acquiring an additional 114 shares during the last quarter. Wynn Capital LLC boosted its stake in Diageo by 2.5% during the 4th quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock valued at $431,000 after acquiring an additional 122 shares during the last quarter. Finally, Bridgewater Advisors Inc. boosted its stake in Diageo by 4.9% during the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock valued at $236,000 after acquiring an additional 125 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

DEO stock opened at $80.32 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The firm has a 50 day simple moving average of $80.24 and a 200 day simple moving average of $85.45. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41.

Diageo Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, April 17th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, April 17th. This represents a yield of 195.0%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Finally, Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.50.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.