Woodmont Investment Counsel LLC reduced its position in Diageo plc (NYSE:DEO - Free Report) by 19.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,663 shares of the company's stock after selling 2,388 shares during the quarter. Woodmont Investment Counsel LLC's holdings in Diageo were worth $1,228,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in Diageo during the third quarter valued at approximately $261,000. Advisors Asset Management Inc. grew its holdings in shares of Diageo by 35.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,050 shares of the company's stock valued at $1,130,000 after purchasing an additional 2,100 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Diageo by 84.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company's stock worth $4,737,000 after purchasing an additional 15,487 shares during the period. Raymond James Trust N.A. lifted its stake in Diageo by 37.4% in the third quarter. Raymond James Trust N.A. now owns 14,222 shares of the company's stock worth $1,996,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company's stock valued at $22,234,000 after buying an additional 6,617 shares during the period. 8.97% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on DEO shares. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Research Report on Diageo
Diageo Trading Up 0.8 %
DEO traded up $0.80 during midday trading on Wednesday, reaching $106.00. 701,987 shares of the company's stock traded hands, compared to its average volume of 857,117. Diageo plc has a 52 week low of $104.98 and a 52 week high of $149.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a fifty day moving average of $112.26 and a two-hundred day moving average of $122.33. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 2.39 and a beta of 0.65.
Diageo Announces Dividend
The firm 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 dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's dividend payout ratio is presently 46.42%.
About Diageo
(
Free Report)
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.
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