Wynn Capital LLC Takes $411,000 Position in Diageo plc (NYSE:DEO)

Wynn Capital LLC purchased a new stake in Diageo plc (NYSE:DEO) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,822 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds also recently made changes to their positions in DEO. Envestnet Asset Management Inc. grew its position in Diageo by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 659,034 shares of the company’s stock worth $98,315,000 after buying an additional 138,406 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Diageo during the fourth quarter worth about $15,391,000. HS Management Partners LLC grew its position in Diageo by 16.3% during the fourth quarter. HS Management Partners LLC now owns 706,205 shares of the company’s stock worth $102,866,000 after buying an additional 98,819 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Diageo by 43.5% during the third quarter. The Manufacturers Life Insurance Company now owns 321,606 shares of the company’s stock worth $47,977,000 after buying an additional 97,414 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Diageo during the third quarter worth about $10,722,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Trading Down 0.1 %

DEO stock traded down $0.11 during mid-day trading on Wednesday, hitting $140.37. 457,714 shares of the stock were exchanged, compared to its average volume of 809,314. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business has a fifty day moving average price of $146.74 and a 200 day moving average price of $146.31.

Diageo Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were paid a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Analysts Set New Price Targets

DEO has been the subject of several research analyst reports. BNP Paribas lowered Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus lowered Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3,797.50.

About Diageo

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.