TD Private Client Wealth LLC Trims Position in Diageo plc (NYSE:DEO)

TD Private Client Wealth LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,280 shares of the company’s stock after selling 456 shares during the period. TD Private Client Wealth LLC’s holdings in Diageo were worth $2,451,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. raised its holdings in Diageo by 64.4% during the fourth quarter. Lee Danner & Bass Inc. now owns 26,029 shares of the company’s stock worth $3,309,000 after purchasing an additional 10,196 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in Diageo by 14.9% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 6,890 shares of the company’s stock valued at $876,000 after buying an additional 895 shares in the last quarter. Stokes Family Office LLC increased its holdings in Diageo by 5.3% in the fourth quarter. Stokes Family Office LLC now owns 6,936 shares of the company’s stock valued at $882,000 after buying an additional 349 shares in the last quarter. Horizon Investments LLC increased its holdings in Diageo by 15.1% in the fourth quarter. Horizon Investments LLC now owns 9,237 shares of the company’s stock valued at $1,174,000 after buying an additional 1,214 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Diageo by 47.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,744 shares of the company’s stock valued at $331,000 after buying an additional 885 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 0.8 %

Shares of DEO opened at $107.09 on Friday. The stock has a fifty day moving average of $112.65 and a two-hundred day moving average of $122.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market capitalization of $59.57 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a fifty-two week low of $105.23 and a fifty-two week high of $149.44.

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 issued a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analysts Set New Price Targets

DEO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen increased their price target 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. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.