Diageo plc (NYSE:DEO) Stake Lessened by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its holdings in Diageo plc (NYSE:DEO - Free Report) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,148 shares of the company's stock after selling 5,477 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Diageo were worth $5,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clearbridge Investments LLC boosted its holdings in Diageo by 7.0% in the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company's stock valued at $349,785,000 after acquiring an additional 154,497 shares during the last quarter. Markel Group Inc. raised its holdings in shares of Diageo by 0.5% in the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company's stock worth $172,315,000 after purchasing an additional 6,300 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Diageo by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company's stock valued at $142,165,000 after purchasing an additional 74,745 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Diageo by 2.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company's stock worth $139,504,000 after purchasing an additional 23,435 shares during the period. Finally, Confluence Investment Management LLC increased its position in Diageo by 10.5% during the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company's stock worth $117,474,000 after purchasing an additional 88,159 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Price Performance

DEO opened at $139.41 on Friday. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The firm has a market cap of $77.49 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 3.77 and a beta of 0.69. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a fifty day simple moving average of $133.30 and a 200 day simple moving average of $133.83.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo's dividend payout ratio is presently 71.37%.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of recent research reports. Royal Bank of Canada raised shares of Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. The Goldman Sachs Group cut shares of Diageo from a "neutral" rating to a "sell" rating in a research report on Friday, July 12th. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Finally, Citigroup raised Diageo from a "neutral" rating to a "buy" rating in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold".

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.