Rep. Kelly Morrison Sells Diageo plc (NYSE:DEO) Shares

Representative Kelly Morrison (D-Minnesota) recently sold shares of Diageo plc (NYSE:DEO). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Diageo stock on March 20th. The trade occurred in the Representative’s “TRUST 2” account.

Representative Kelly Morrison also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/24/2025.
• Purchased $15,001 – $50,000 in shares of Meta Platforms (NASDAQ:META) on 3/24/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/21/2025.
• Sold $100,001 – $250,000 in shares of Target (NYSE:TGT) on 3/21/2025.
• Sold $15,001 – $50,000 in shares of Target (NYSE:TGT) on 3/21/2025.
• Sold $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of CACI International (NYSE:CACI) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of Target (NYSE:TGT) on 3/3/2025.

Diageo Trading Down 2.7 %

Diageo stock traded down $3.03 during midday trading on Tuesday, reaching $107.57. The stock had a trading volume of 774,623 shares, compared to its average volume of 927,495. The firm’s fifty day simple moving average is $107.87 and its two-hundred day simple moving average is $119.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.39 and a beta of 0.63.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Hedge Funds Weigh In On Diageo

A number of hedge funds have recently added to or reduced their stakes in the company. Canoe Financial LP lifted its stake in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. FMR LLC boosted its stake in shares of Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after acquiring an additional 571,873 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Diageo by 234.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock valued at $330,627,000 after acquiring an additional 1,822,994 shares in the last quarter. Royal Bank of Canada lifted its holdings in Diageo by 0.3% in the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company’s stock worth $195,883,000 after purchasing an additional 3,876 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after buying an additional 1,296,285 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Berenberg Bank initiated coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of $129.00.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota’s 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota’s 3rd Congressional District. She declared candidacy for the 2026 election.

Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison’s career experience includes working as a physician.

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.