TCV Trust & Wealth Management Inc. Sells 3,118 Shares of Diageo plc (NYSE:DEO)

TCV Trust & Wealth Management Inc. trimmed its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,586 shares of the company's stock after selling 3,118 shares during the period. TCV Trust & Wealth Management Inc.'s holdings in Diageo were worth $6,177,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Diageo in the 3rd quarter worth $25,000. Eastern Bank boosted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Diageo in the 4th quarter worth $35,000. Concord Wealth Partners purchased a new position in shares of Diageo in the 3rd quarter worth $38,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Diageo in the 4th quarter worth $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Diageo stock traded down $1.93 during trading on Friday, reaching $107.45. The company had a trading volume of 864,158 shares, compared to its average volume of 1,096,495. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. The firm's 50-day simple moving average is $121.08 and its 200 day simple moving average is $125.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

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 issued a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%.

Analyst Ratings Changes

DEO has been the topic of a number of research reports. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $129.00.

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.