Naples Global Advisors LLC Has $1.33 Million Holdings in Diageo plc $DEO

Naples Global Advisors LLC lessened its stake in Diageo plc (NYSE:DEO) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,447 shares of the company’s stock after selling 7,758 shares during the quarter. Naples Global Advisors LLC’s holdings in Diageo were worth $1,333,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Integrated Advisors Network LLC boosted its holdings in shares of Diageo by 3.5% in the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after buying an additional 104 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in shares of Diageo by 2.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,684 shares of the company’s stock valued at $542,000 after buying an additional 114 shares during the last quarter. Wynn Capital LLC boosted its holdings in shares of Diageo by 2.5% in the 4th quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock valued at $431,000 after buying an additional 122 shares during the last quarter. Bridgewater Advisors Inc. boosted its holdings in shares of Diageo by 4.9% in the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock valued at $236,000 after buying an additional 125 shares during the last quarter. Finally, Country Trust Bank boosted its holdings in shares of Diageo by 51.6% in the 3rd quarter. Country Trust Bank now owns 379 shares of the company’s stock valued at $36,000 after buying an additional 129 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 2.9%

DEO opened at $81.90 on Tuesday. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.41. The stock’s fifty day simple moving average is $78.71 and its 200 day simple moving average is $87.04. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 195.0%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEO. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Argus upgraded Diageo to a “hold” rating in a research note on Tuesday, March 10th. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Company 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.