Diageo plc (NYSE:DEO) Stock Holdings Cut by Cwm LLC

Cwm LLC lessened its position in Diageo plc (NYSE:DEO) by 20.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,632 shares of the company’s stock after selling 920 shares during the period. Cwm LLC’s holdings in Diageo were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DEO. J.W. Cole Advisors Inc. lifted its holdings in Diageo by 3.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after acquiring an additional 78 shares during the last quarter. Financial Counselors Inc. boosted its holdings in Diageo by 3.3% during the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares in the last quarter. PFG Investments LLC boosted its holdings in Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after buying an additional 83 shares in the last quarter. Gradient Investments LLC grew its position in Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after buying an additional 86 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Diageo by 0.9% in the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock valued at $1,480,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 1.1 %

Shares of Diageo stock opened at $139.41 on Friday. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64. The company has a market cap of $77.49 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.77 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. The stock has a 50-day moving average price of $133.30 and a 200 day moving average price of $133.83.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, August 30th were given a dividend of $1.62 per share. This represents a yield of 3.2%. The ex-dividend date was Friday, August 30th. Diageo’s payout ratio is presently 71.37%.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold”.

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.