Diageo plc (NYSE:DEO) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lowered its holdings in shares of Diageo plc (NYSE:DEO) by 10.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,605 shares of the company’s stock after selling 7,631 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Diageo were worth $8,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in Diageo in the 4th quarter valued at $25,000. Beacon Capital Management LLC grew its position in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the second quarter valued at about $25,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the first quarter worth about $29,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Diageo during the 2nd quarter worth about $25,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE:DEO opened at $135.77 on Thursday. Diageo plc has a one year low of $119.48 and a one year high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock has a 50 day moving average price of $132.70 and a 200 day moving average price of $133.96.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 3.2%.

Analysts Set New Price Targets

DEO has been the topic of several research analyst reports. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Diageo Company Profile

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.