Global Retirement Partners LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 618 shares of the company’s stock after selling 115 shares during the period. Global Retirement Partners LLC’s holdings in Diageo were worth $115,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of DEO. Modera Wealth Management LLC grew its holdings in Diageo by 84.6% during the 1st quarter. Modera Wealth Management LLC now owns 13,462 shares of the company’s stock worth $2,439,000 after acquiring an additional 6,169 shares during the period. Truist Financial Corp grew its stake in shares of Diageo by 11.1% during the first quarter. Truist Financial Corp now owns 104,725 shares of the company’s stock worth $18,974,000 after purchasing an additional 10,453 shares during the period. WS Portfolio Advisory LLC increased its holdings in Diageo by 9.1% in the first quarter. WS Portfolio Advisory LLC now owns 57,555 shares of the company’s stock valued at $10,428,000 after purchasing an additional 4,795 shares during the last quarter. Bcwm LLC lifted its stake in Diageo by 1.0% in the first quarter. Bcwm LLC now owns 44,300 shares of the company’s stock valued at $8,026,000 after buying an additional 448 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in Diageo by 2.1% during the first quarter. Cullen Frost Bankers Inc. now owns 5,777 shares of the company’s stock worth $1,047,000 after buying an additional 120 shares during the last quarter. 9.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently commented on DEO shares. JPMorgan Chase & Co. lowered their price target on Diageo from GBX 4,500 ($57.51) to GBX 4,000 ($51.12) in a research note on Tuesday, June 20th. Morgan Stanley lowered shares of Diageo from an “equal weight” rating to an “underweight” rating in a report on Thursday, July 20th. Barclays lowered their price objective on shares of Diageo from GBX 4,720 ($60.32) to GBX 4,440 ($56.74) in a research report on Wednesday, August 2nd. Jefferies Financial Group cut Diageo from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Credit Suisse Group dropped their price objective on shares of Diageo from GBX 3,850 ($49.20) to GBX 3,800 ($48.56) in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3,893.33.
Diageo Stock Performance
Shares of Diageo stock opened at $172.47 on Friday. Diageo plc has a 12-month low of $160.09 and a 12-month high of $191.93. The company has a current ratio of 1.63, a quick ratio of 0.62 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $172.74 and its 200-day moving average is $176.47.
Diageo Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, August 25th will be paid a $2.5089 dividend. The ex-dividend date is Thursday, August 24th. This represents a yield of 2.4%. This is a boost from Diageo’s previous semi-annual dividend of $1.43.
Diageo Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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