Clarkston Capital Partners LLC Sells 32,095 Shares of Diageo plc $DEO

by · The Cerbat Gem

Clarkston Capital Partners LLC reduced its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 58.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,015 shares of the company’s stock after selling 32,095 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Diageo were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its stake in shares of Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 178 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Diageo by 8,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after buying an additional 320 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $32,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $30,000. Finally, GGM Financials LLC purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $36,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO opened at $81.78 on Friday. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. The company’s 50 day simple moving average is $80.77 and its two-hundred day simple moving average is $85.23.

Diageo Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, April 17th were paid a $0.80 dividend. The ex-dividend date was Friday, April 17th. This represents a yield of 195.0%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DEO shares. Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Finally, Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $116.50.

Read Our Latest Report on Diageo

Diageo Company Profile

(Free Report)

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

See Also

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