Resonant Capital Advisors LLC Sells 107 Shares of Diageo plc (NYSE:DEO)

Resonant Capital Advisors LLC decreased its position in Diageo plc (NYSE:DEO) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,433 shares of the company’s stock after selling 107 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Diageo were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DEO. Morgan Stanley grew its position in Diageo by 13.2% during the fourth quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock valued at $663,848,000 after buying an additional 433,105 shares during the period. Clearbridge Investments LLC grew its position in Diageo by 0.4% during the third quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock valued at $355,661,000 after buying an additional 10,269 shares during the period. Moneta Group Investment Advisors LLC grew its position in Diageo by 98,968.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock valued at $360,651,000 after buying an additional 2,021,926 shares during the period. Charles Schwab Investment Management Inc. grew its position in Diageo by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock valued at $390,924,000 after buying an additional 12,035 shares during the period. Finally, Royal Bank of Canada grew its position in Diageo by 2.4% during the third quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock valued at $177,156,000 after buying an additional 27,851 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DEO shares. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3,797.50.

Diageo Price Performance

NYSE DEO opened at $140.76 on Friday. Diageo plc has a 52 week low of $135.63 and a 52 week high of $190.02. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. The firm’s 50-day simple moving average is $146.90 and its two-hundred day simple moving average is $146.48.

Diageo Cuts Dividend

The firm also recently disclosed 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 was Thursday, February 29th.

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.