Diageo plc (NYSE:DEO) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC decreased its holdings in Diageo plc (NYSE:DEO) by 58.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,239 shares of the company’s stock after selling 4,577 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Diageo were worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Confluence Investment Management LLC purchased a new stake in shares of Diageo during the 1st quarter valued at $125,474,000. Public Employees Retirement Association of Colorado raised its holdings in Diageo by 4,665.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after buying an additional 472,583 shares during the period. Wellington Management Group LLP lifted its position in Diageo by 56.7% during the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Diageo by 12,174.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock worth $31,045,000 after buying an additional 244,223 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of Diageo by 137.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 378,390 shares of the company’s stock worth $55,116,000 after acquiring an additional 219,092 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 0.4 %

NYSE:DEO opened at $132.92 on Thursday. The firm has a 50-day moving average of $129.17 and a two-hundred day moving average of $135.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a 1-year low of $119.48 and a 1-year high of $161.64.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th.

Analyst Ratings Changes

DEO has been the subject of several recent research reports. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.