Addison Capital Co Sells 182 Shares of Diageo plc (NYSE:DEO)

Addison Capital Co cut its stake in shares of Diageo plc (NYSE:DEO) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,012 shares of the company’s stock after selling 182 shares during the period. Addison Capital Co’s holdings in Diageo were worth $1,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in Diageo by 106.2% during the third quarter. CIBC Asset Management Inc now owns 31,643 shares of the company’s stock valued at $4,441,000 after acquiring an additional 16,300 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Diageo by 14.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,067 shares of the company’s stock valued at $290,000 after purchasing an additional 261 shares during the period. BCGM Wealth Management LLC grew its position in shares of Diageo by 80.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 11,368 shares of the company’s stock valued at $1,595,000 after purchasing an additional 5,063 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Diageo in the third quarter worth $648,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Diageo in the third quarter worth $261,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. 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’s stock. According to MarketBeat.com, Diageo presently has an average rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

Shares of Diageo stock opened at $107.55 on Monday. The firm has a market capitalization of $59.83 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12 month low of $105.72 and a 12 month high of $149.44. The business’s 50-day moving average price is $114.26 and its 200-day moving average price is $123.45.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s payout ratio is currently 46.42%.

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.