Diageo plc (NYSE:DEO) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,874 shares of the company’s stock after selling 125 shares during the period. Fiduciary Group LLC’s holdings in Diageo were worth $840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. 180 Wealth Advisors LLC raised its position in Diageo by 19.0% in the 2nd quarter. 180 Wealth Advisors LLC now owns 3,087 shares of the company’s stock valued at $521,000 after purchasing an additional 492 shares in the last quarter. Trust Co. of Virginia VA raised its position in Diageo by 4.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 29,936 shares of the company’s stock valued at $5,158,000 after purchasing an additional 1,211 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Diageo by 8.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 573,529 shares of the company’s stock valued at $98,831,000 after purchasing an additional 42,560 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in Diageo by 10.1% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 2,175 shares of the company’s stock valued at $375,000 after purchasing an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Diageo by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 260,985 shares of the company’s stock valued at $44,973,000 after purchasing an additional 9,103 shares in the last quarter. 10.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Kepler Capital Markets downgraded Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective on the stock in a report on Monday, May 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $178.00.

Shares of DEO traded down $0.26 during mid-day trading on Monday, reaching $167.43. The company’s stock had a trading volume of 143,910 shares, compared to its average volume of 420,709. Diageo plc has a 12-month low of $131.43 and a 12-month high of $176.07. The stock has a market cap of $102.34 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.85 and a beta of 0.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.34 and a quick ratio of 0.56. The company’s 50 day moving average is $168.74 and its 200 day moving average is $165.24.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be issued a $2.111 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio is presently 62.52%.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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