Diageo plc (DEO) Position Reduced by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. trimmed its position in shares of Diageo plc (NYSE:DEO) by 94.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,945 shares of the company’s stock after selling 32,011 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Diageo were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Hyman Charles D grew its position in Diageo by 13.6% during the 4th quarter. Hyman Charles D now owns 17,170 shares of the company’s stock valued at $2,507,000 after purchasing an additional 2,050 shares during the last quarter. Cumberland Partners Ltd grew its position in Diageo by 6.0% during the 4th quarter. Cumberland Partners Ltd now owns 10,000 shares of the company’s stock valued at $1,460,000 after purchasing an additional 570 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Diageo by 2.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 25,326 shares of the company’s stock valued at $3,698,000 after purchasing an additional 673 shares during the last quarter. Ironwood Investment Counsel LLC grew its position in Diageo by 6.6% during the 4th quarter. Ironwood Investment Counsel LLC now owns 25,966 shares of the company’s stock valued at $3,791,000 after purchasing an additional 1,615 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Diageo by 6.1% during the 4th quarter. CIBC Asset Management Inc now owns 7,145 shares of the company’s stock valued at $1,043,000 after purchasing an additional 412 shares during the last quarter. 12.20% of the stock is currently owned by institutional investors.

Shares of Diageo plc (DEO) opened at $135.22 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. Diageo plc has a 1-year low of $110.92 and a 1-year high of $147.62.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be issued a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, February 22nd.

A number of analysts have recently issued reports on the stock. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Tuesday. Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday. Finally, BNP Paribas downgraded shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Diageo currently has a consensus rating of “Hold” and a consensus price target of $153.75.

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Diageo Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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