First City Capital Management Inc. Has $215,000 Stock Position in Diageo plc (NYSE:DEO)

First City Capital Management Inc. lessened its stake in Diageo plc (NYSE:DEO) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,709 shares of the company’s stock after selling 225 shares during the quarter. First City Capital Management Inc.’s holdings in Diageo were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. 9258 Wealth Management LLC boosted its position in Diageo by 7.2% in the 4th quarter. 9258 Wealth Management LLC now owns 3,632 shares of the company’s stock valued at $529,000 after buying an additional 245 shares during the last quarter. Trexquant Investment LP bought a new stake in Diageo during the 4th quarter worth about $332,000. EverSource Wealth Advisors LLC raised its holdings in Diageo by 13.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the company’s stock worth $102,000 after purchasing an additional 85 shares during the last quarter. SageView Advisory Group LLC lifted its position in Diageo by 230.0% during the 4th quarter. SageView Advisory Group LLC now owns 7,669 shares of the company’s stock valued at $1,109,000 after purchasing an additional 5,345 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Diageo in the 4th quarter valued at about $2,700,000. 8.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DEO. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Diageo Trading Down 2.1 %

DEO opened at $133.03 on Friday. The firm’s fifty day moving average is $129.28 and its two-hundred day moving average is $135.38. The firm has a market cap of $73.95 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be paid a dividend of $1.62 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th. Diageo’s payout ratio is presently 72.61%.

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.