Diageo plc (NYSE:DEO) Shares Sold by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. decreased its position in Diageo plc (NYSE:DEO) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,704 shares of the company’s stock after selling 469 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Diageo were worth $7,256,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DEO. Brookstone Capital Management bought a new position in shares of Diageo during the 1st quarter valued at about $305,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Diageo by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 107,452 shares of the company’s stock worth $15,982,000 after buying an additional 6,927 shares in the last quarter. Independence Bank of Kentucky grew its position in Diageo by 11.0% in the first quarter. Independence Bank of Kentucky now owns 1,481 shares of the company’s stock worth $220,000 after buying an additional 147 shares during the last quarter. Founders Financial Securities LLC increased its holdings in shares of Diageo by 15.4% in the first quarter. Founders Financial Securities LLC now owns 7,527 shares of the company’s stock valued at $1,120,000 after buying an additional 1,007 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Diageo by 17.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 805 shares of the company’s stock valued at $120,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diageo Stock Down 0.9 %

NYSE:DEO opened at $133.27 on Friday. The business’s fifty day moving average price is $134.02 and its 200 day moving average price is $133.48. The firm has a market capitalization of $74.13 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.84 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. Diageo plc has a 1-year low of $119.48 and a 1-year high of $161.64.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were given a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date was Friday, August 30th. Diageo’s dividend payout ratio (DPR) is 71.51%.

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.