TD Waterhouse Canada Inc. cut its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 48.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,311 shares of the company’s stock after selling 11,493 shares during the period. TD Waterhouse Canada Inc.’s holdings in Diageo were worth $969,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC acquired a new position in shares of Diageo during the 2nd quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo in the 1st quarter valued at about $34,000. Axiom Investment Management LLC bought a new position in Diageo during the first quarter worth about $54,000. Basepoint Wealth LLC acquired a new position in Diageo during the fourth quarter worth approximately $55,000. Finally, MCF Advisors LLC raised its stake in Diageo by 2,776.0% in the fourth quarter. MCF Advisors LLC now owns 719 shares of the company’s stock valued at $62,000 after buying an additional 694 shares during the period. 8.97% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DEO. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Thursday, August 27th. TD Cowen reiterated a “buy” rating on shares of Diageo in a research report on Monday, August 10th. Loop Capital set a $99.00 target price on shares of Diageo in a research report on Thursday, June 18th. Finally, Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.25.
Diageo Price Performance
Shares of NYSE:DEO opened at $86.03 on Thursday. Diageo plc has a 1 year low of $72.45 and a 1 year high of $104.90. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.62. The company’s 50 day simple moving average is $88.50 and its 200 day simple moving average is $83.55.
Diageo Announces Dividend
The business also recently declared a dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, October 16th will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, October 16th. This represents a dividend yield of 252.0%.
Diageo Profile
Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.
Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.
Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.
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