Diageo plc (NYSE:DEO) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co trimmed its position in Diageo plc (NYSE:DEO - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715,380 shares of the company's stock after selling 13,866 shares during the period. Fayez Sarofim & Co owned approximately 0.13% of Diageo worth $90,946,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DEO. Alliance Wealth Advisors LLC UT grew its holdings in shares of Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock worth $430,000 after buying an additional 86 shares in the last quarter. Savant Capital LLC increased its position in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after purchasing an additional 88 shares during the last quarter. GeoWealth Management LLC raised its position in shares of Diageo by 1.3% in the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after buying an additional 92 shares during the period. Diversified Trust Co raised its holdings in shares of Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after purchasing an additional 98 shares during the period. Finally, Cromwell Holdings LLC lifted its stake in shares of Diageo by 8.6% in the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock valued at $163,000 after purchasing an additional 102 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Down 0.8 %

Shares of NYSE DEO traded down $0.90 during trading on Friday, reaching $110.73. 880,095 shares of the stock were exchanged, compared to its average volume of 929,907. The company has a market capitalization of $61.60 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The business's 50-day moving average price is $108.16 and its 200 day moving average price is $117.98. 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 company also recently disclosed a semi-annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Friday, February 28th were given a $1.62 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 3.8%. Diageo's payout ratio is currently 46.42%.

About Diageo

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.