Colonial Trust Advisors Sells 6,609 Shares of Diageo plc (NYSE:DEO)

Colonial Trust Advisors lowered its stake in Diageo plc (NYSE:DEO - Free Report) by 28.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,870 shares of the company's stock after selling 6,609 shares during the quarter. Colonial Trust Advisors' holdings in Diageo were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in Diageo by 2.8% in the 4th quarter. Advisory Services Network LLC now owns 14,761 shares of the company's stock worth $1,876,000 after purchasing an additional 408 shares during the period. Invesco Ltd. grew its holdings in shares of Diageo by 12.2% during the fourth quarter. Invesco Ltd. now owns 202,582 shares of the company's stock valued at $25,754,000 after buying an additional 22,049 shares in the last quarter. Bank of Montreal Can raised its position in Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after buying an additional 1,296,285 shares during the period. FMR LLC lifted its stake in Diageo by 10.9% in the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after acquiring an additional 571,873 shares in the last quarter. Finally, Clarkston Capital Partners LLC lifted its stake in Diageo by 0.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 193,049 shares of the company's stock worth $24,542,000 after acquiring an additional 659 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

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Diageo Stock Down 2.5 %

Shares of DEO traded down $2.72 during mid-day trading on Tuesday, hitting $107.88. 532,653 shares of the company's stock were exchanged, compared to its average volume of 928,867. The stock has a market cap of $60.01 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.39 and a beta of 0.63. The firm has a fifty day moving average of $107.95 and a two-hundred day moving average of $119.29. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's payout ratio is currently 46.42%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $129.00.

Diageo 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.