Diageo plc (NYSE:DEO) Position Trimmed by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc trimmed its stake in Diageo plc (NYSE:DEO) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,710 shares of the company’s stock after selling 260 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Diageo were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DEO. Fox Run Management L.L.C. acquired a new stake in shares of Diageo during the 3rd quarter valued at $263,000. Cerity Partners LLC boosted its position in Diageo by 6.1% during the fourth quarter. Cerity Partners LLC now owns 41,808 shares of the company’s stock valued at $6,090,000 after purchasing an additional 2,400 shares during the last quarter. Retirement Planning Co of New England Inc. grew its stake in Diageo by 51.0% in the third quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company’s stock valued at $1,301,000 after purchasing an additional 2,946 shares in the last quarter. Wellington Management Group LLP increased its position in Diageo by 8.2% in the 3rd 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 last quarter. Finally, Rockline Wealth Management LLC purchased a new stake in shares of Diageo during the 4th quarter worth about $1,142,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 0.2 %

DEO opened at $138.64 on Friday. 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 plc has a twelve month low of $135.63 and a twelve month high of $189.54. The business has a 50 day moving average price of $146.29 and a 200 day moving average price of $146.13.

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%.

Analysts Set New Price Targets

DEO has been the subject of several recent research reports. Argus cut Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas downgraded 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 given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.