DORCHESTER WEALTH MANAGEMENT Co reduced its stake in Diageo plc (NYSE:DEO) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,100 shares of the company’s stock after selling 900 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Diageo were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of DEO. Centerpoint Advisors LLC bought a new position in Diageo in the 4th quarter valued at approximately $26,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Diageo by 56.9% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Acima Private Wealth LLC bought a new position in Diageo in the 4th quarter valued at approximately $29,000. Claybrook Capital LLC bought a new position in Diageo during the 4th quarter worth approximately $30,000. Finally, Capital Investment Advisory Services LLC bought a new position in Diageo during the 4th quarter worth approximately $31,000. Institutional investors own 10.61% of the company’s stock.
Shares of DEO stock opened at $162.42 on Wednesday. Diageo plc has a twelve month low of $131.43 and a twelve month high of $165.53. The firm has a market capitalization of $99.72 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.85 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.73.
The firm also recently announced a semiannual dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 1st were given a dividend of $1.3688 per share. This represents a yield of 1.81%. The ex-dividend date of this dividend was Thursday, February 28th. Diageo’s dividend payout ratio is currently 42.68%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. Barclays started coverage on Diageo in a research note on Monday, April 1st. They issued an “overweight” rating for the company. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Finally, Investec downgraded Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $164.75.
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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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