Eldred Rock Partners LLC Sells 8,234 Shares of Diageo plc $DEO

Eldred Rock Partners LLC decreased its stake in Diageo plc (NYSE:DEO) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,396 shares of the company’s stock after selling 8,234 shares during the quarter. Diageo makes up about 1.6% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 29th largest position. Eldred Rock Partners LLC’s holdings in Diageo were worth $6,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Diageo during the second quarter valued at $26,000. Arlington Trust Co LLC grew its holdings in shares of Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after purchasing an additional 272 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new stake in shares of Diageo during the 3rd quarter worth about $29,000. Spire Wealth Management lifted its holdings in Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the last quarter. Finally, Texas Capital Bancshares Inc TX acquired a new position in Diageo in the third quarter valued at about $32,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DEO has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a report on Tuesday. Argus upgraded Diageo to a “hold” rating in a research report on Tuesday, March 10th. HSBC cut Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Barclays reissued an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Price Performance

Shares of NYSE DEO opened at $73.35 on Friday. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.69. The company has a 50-day moving average of $86.44 and a two-hundred day moving average of $90.11. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53.

Diageo Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a $0.80 dividend. This represents a yield of 207.0%. The ex-dividend date is Friday, April 17th.

Diageo Profile

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.