Diageo plc $DEO Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 45.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,267 shares of the company’s stock after selling 9,529 shares during the quarter. TD Private Client Wealth LLC’s holdings in Diageo were worth $972,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. grew its position in shares of Diageo by 48.5% in the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock valued at $162,410,000 after purchasing an additional 555,509 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Diageo by 8.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,547,626 shares of the company’s stock valued at $147,690,000 after purchasing an additional 121,008 shares during the last quarter. Cullen Capital Management LLC grew its position in shares of Diageo by 67.5% in the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company’s stock valued at $124,943,000 after purchasing an additional 527,814 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Diageo by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,276,576 shares of the company’s stock valued at $121,824,000 after purchasing an additional 4,227 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its position in shares of Diageo by 236.6% in the second quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company’s stock valued at $116,772,000 after purchasing an additional 813,973 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Up 1.1%

NYSE:DEO opened at $85.22 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a fifty-two week low of $72.45 and a fifty-two week high of $116.41. The firm’s 50 day moving average is $78.48 and its two-hundred day moving average is $86.44.

Diageo Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 195.0%.

Analyst Ratings Changes

DEO has been the topic of several research reports. Argus upgraded shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo 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.