National Bank of Canada FI Has $12.32 Million Stake in Diageo plc (NYSE:DEO)

National Bank of Canada FI decreased its stake in Diageo plc (NYSE:DEO) by 66.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,006 shares of the company’s stock after selling 192,156 shares during the quarter. National Bank of Canada FI’s holdings in Diageo were worth $12,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in Diageo in the fourth quarter valued at about $25,000. Triad Wealth Partners LLC acquired a new position in Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new position in Diageo in the second quarter valued at about $25,000. Concord Wealth Partners acquired a new position in Diageo in the first quarter valued at about $29,000. Finally, Beacon Capital Management LLC lifted its stake in 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 buying an additional 171 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 1.7 %

Shares of Diageo stock opened at $126.43 on Monday. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64. The business has a 50-day moving average of $128.63 and a two-hundred day moving average of $136.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Announces Dividend

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

Wall Street Analysts Forecast Growth

DEO has been the topic of several analyst reports. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Diageo presently 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.