Summitry LLC Sells 100 Shares of Diageo plc (NYSE:DEO)

Summitry LLC lowered its holdings in shares of Diageo plc (NYSE:DEO) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 2,776 shares of the company’s stock after selling 100 shares during the period. Summitry LLC’s holdings in Diageo were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Zions Bancorporation N.A. grew its stake in shares of Diageo by 12.1% in the 4th quarter. Zions Bancorporation N.A. now owns 41,321 shares of the company’s stock worth $5,253,000 after buying an additional 4,454 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of Diageo by 8.6% during the fourth quarter. TIAA Trust National Association now owns 3,810 shares of the company’s stock valued at $484,000 after acquiring an additional 302 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of Diageo during the fourth quarter valued at $2,924,000. CoreFirst Bank & Trust purchased a new position in shares of Diageo in the 4th quarter worth about $25,000. Finally, Twin City Private Wealth LLC grew its position in Diageo by 3.2% during the 4th quarter. Twin City Private Wealth LLC now owns 8,251 shares of the company’s stock valued at $1,049,000 after purchasing an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO opened at $105.25 on Wednesday. Diageo plc has a one year low of $104.98 and a one year high of $149.44. The business has a fifty day moving average of $112.26 and a 200 day moving average of $122.33. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a market capitalization of $58.55 billion, a P/E ratio of 15.36, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be given a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s payout ratio is currently 46.42%.

Analyst Ratings Changes

Several brokerages have issued reports on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.