Thoroughbred Financial Services LLC Sells 225 Shares of Diageo plc (NYSE:DEO)

Thoroughbred Financial Services LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,866 shares of the company’s stock after selling 225 shares during the period. Thoroughbred Financial Services LLC’s holdings in Diageo were worth $745,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new stake in shares of Diageo in the 3rd quarter valued at about $261,000. Charles Schwab Investment Management Inc. boosted its holdings in Diageo by 84.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company’s stock worth $4,737,000 after purchasing an additional 15,487 shares during the last quarter. Hilltop Holdings Inc. grew its position in Diageo by 87.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,234 shares of the company’s stock worth $454,000 after purchasing an additional 1,511 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Diageo by 16.4% in the third quarter. HighTower Advisors LLC now owns 120,686 shares of the company’s stock valued at $16,947,000 after acquiring an additional 16,999 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in Diageo by 100.7% in the 3rd quarter. IHT Wealth Management LLC now owns 7,946 shares of the company’s stock valued at $1,114,000 after purchasing an additional 3,986 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the topic of several research reports. Berenberg Bank assumed coverage on shares of Diageo in a research report on Wednesday. They issued a “buy” rating on the stock. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 3.5 %

DEO opened at $104.19 on Friday. The company has a 50 day moving average of $110.12 and a 200 day moving average of $120.97. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12 month low of $103.70 and a 12 month high of $144.28. The company has a market cap of $57.96 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63.

Diageo Announces Dividend

The business 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 $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

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.