Stock Yards Bank & Trust Co. Has $1.83 Million Position in Diageo plc (NYSE:DEO)

Stock Yards Bank & Trust Co. trimmed its position in Diageo plc (NYSE:DEO) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,538 shares of the company’s stock after selling 511 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Diageo were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DEO. Envestnet Asset Management Inc. grew its position in Diageo by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock worth $98,315,000 after buying an additional 138,406 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Diageo during the fourth quarter worth about $15,391,000. HS Management Partners LLC grew its stake in Diageo by 16.3% during the fourth quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock worth $102,866,000 after buying an additional 98,819 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Diageo by 43.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 321,606 shares of the company’s stock worth $47,977,000 after acquiring an additional 97,414 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Diageo during the third quarter worth $10,722,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

DEO stock opened at $142.11 on Tuesday. The company has a fifty day moving average price of $146.80 and a 200-day moving average price of $146.39. 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 52-week low of $135.63 and a 52-week high of $190.02.

Diageo Cuts Dividend

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

Wall Street Analyst Weigh In

DEO has been the subject of several recent analyst reports. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas cut shares of 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 issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3,797.50.

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.