Clarkston Capital Partners LLC Sells 32,095 Shares of Diageo plc $DEO

Clarkston Capital Partners LLC trimmed its position in Diageo plc (NYSE:DEO) by 58.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,015 shares of the company’s stock after selling 32,095 shares during the period. Clarkston Capital Partners LLC’s holdings in Diageo were worth $1,986,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management grew its position in Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares in the last quarter. Sound Income Strategies LLC grew its position in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Diageo in the 4th quarter worth about $30,000. Texas Capital Bancshares Inc TX bought a new stake in Diageo in the 3rd quarter worth about $32,000. Finally, GGM Financials LLC bought a new stake in Diageo in the 3rd quarter worth about $36,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DEO has been the subject of a number of recent analyst reports. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Argus raised shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Finally, HSBC downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Price Performance

Diageo stock opened at $81.78 on Friday. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. The firm has a 50 day moving average price of $80.77 and a 200-day moving average price of $85.23. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Diageo Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, April 17th were given a dividend of $0.80 per share. This represents a dividend yield of 195.0%. The ex-dividend date of this dividend was Friday, April 17th.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.