Diageo plc (NYSE:DEO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Diageo plc (NYSE:DEO - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 915,878 shares of the company's stock after selling 33,533 shares during the period. Natixis Advisors LLC owned 0.16% of Diageo worth $116,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Canoe Financial LP boosted its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Raymond James Financial Inc. bought a new stake in Diageo during the 4th quarter valued at $123,892,000. FMR LLC lifted its holdings in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after buying an additional 437,646 shares during the period. ABC Arbitrage SA bought a new position in shares of Diageo during the 4th quarter worth $37,777,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock valued at $156,759,000 after buying an additional 229,946 shares during the period. Institutional investors own 8.97% of the company's stock.

Diageo Stock Down 1.6 %

NYSE DEO traded down $1.73 on Wednesday, hitting $106.40. The stock had a trading volume of 1,990,429 shares, compared to its average volume of 853,540. The business's fifty day moving average price is $113.60 and its 200 day moving average price is $123.12. The stock has a market cap of $59.19 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 52-week low of $105.31 and a 52-week high of $149.44.

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Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio (DPR) is 46.42%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $129.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.