Fulton Breakefield Broenniman LLC Sells 5,491 Shares of Diageo plc (NYSE:DEO)

Fulton Breakefield Broenniman LLC lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,933 shares of the company's stock after selling 5,491 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Diageo were worth $10,915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DEO. Fox Run Management L.L.C. acquired a new position in Diageo during the 3rd quarter worth $263,000. Cerity Partners LLC boosted its stake in Diageo by 6.1% during the 4th quarter. Cerity Partners LLC now owns 41,808 shares of the company's stock valued at $6,090,000 after purchasing an additional 2,400 shares during the period. Retirement Planning Co of New England Inc. grew its holdings in Diageo by 51.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 8,723 shares of the company's stock valued at $1,301,000 after buying an additional 2,946 shares during the last quarter. Wellington Management Group LLP increased its position in Diageo by 8.2% in the 3rd quarter. Wellington Management Group LLP now owns 432,223 shares of the company's stock worth $64,479,000 after buying an additional 32,928 shares during the period. Finally, Rockline Wealth Management LLC acquired a new position in shares of Diageo during the fourth quarter worth approximately $1,142,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Performance

Shares of DEO stock traded up $0.33 during mid-day trading on Friday, reaching $138.64. The company's stock had a trading volume of 610,772 shares, compared to its average volume of 745,350. The firm's 50-day moving average is $146.29 and its two-hundred day moving average is $146.02. Diageo plc has a 1-year low of $135.63 and a 1-year high of $189.54. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Argus lowered shares of Diageo from a "buy" rating to a "hold" rating in a research report on Thursday, January 4th. BNP Paribas cut shares of Diageo from a "neutral" rating to an "underperform" rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $3,797.50.

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.