Marble Harbor Investment Counsel LLC Has $2.89 Million Stake in Diageo plc (NYSE:DEO)

Marble Harbor Investment Counsel LLC lifted its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,699 shares of the company's stock after purchasing an additional 2,536 shares during the period. Marble Harbor Investment Counsel LLC's holdings in Diageo were worth $2,886,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Alliance Wealth Advisors LLC UT grew its position in Diageo by 2.6% in 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 during the last quarter. Savant Capital LLC boosted its stake in shares of Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after acquiring an additional 88 shares in the last quarter. Diversified Trust Co grew 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 acquiring an additional 98 shares during the last quarter. Cromwell Holdings LLC raised its position in shares of Diageo by 8.6% during the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock worth $163,000 after purchasing an additional 102 shares during the period. Finally, Mill Creek Capital Advisors LLC lifted its holdings in shares of Diageo by 1.7% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company's stock valued at $809,000 after purchasing an additional 104 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

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Diageo Stock Down 1.9 %

NYSE:DEO traded down $2.08 on Wednesday, hitting $108.32. 699,307 shares of the company's stock traded hands, compared to its average volume of 840,299. The firm has a 50-day moving average price of $115.28 and a 200-day moving average price of $124.01. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market cap of $60.26 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76.

Diageo Dividend Announcement

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

Analyst Upgrades and Downgrades

DEO has been the topic of a number of analyst reports. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.