Diageo plc (NYSE:DEO) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in Diageo plc (NYSE:DEOFree Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 546,963 shares of the company’s stock after selling 16,321 shares during the period. DAVENPORT & Co LLC owned 0.10% of Diageo worth $79,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DEO. Compagnie Lombard Odier SCmA bought a new position in shares of Diageo during the third quarter worth about $27,000. Planned Solutions Inc. purchased a new stake in Diageo during the fourth quarter valued at about $27,000. MCF Advisors LLC purchased a new stake in Diageo during the third quarter valued at about $30,000. PCA Investment Advisory Services Inc. purchased a new stake in Diageo during the second quarter valued at about $31,000. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Diageo in the first quarter worth approximately $33,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE DEO traded up $1.30 during trading on Tuesday, hitting $149.12. The stock had a trading volume of 413,788 shares, compared to its average volume of 801,311. The company’s 50-day moving average price is $147.81 and its two-hundred day moving average price is $147.52. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, February 29th.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. UBS Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3,778.00.

View Our Latest Stock Report on Diageo

Diageo Profile

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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