Diageo plc (NYSE:DEO) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,529 shares of the company’s stock after selling 2,232 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Diageo were worth $1,201,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. 9258 Wealth Management LLC lifted its holdings in shares of Diageo by 7.2% in the 4th quarter. 9258 Wealth Management LLC now owns 3,632 shares of the company’s stock worth $529,000 after purchasing an additional 245 shares during the last quarter. Trexquant Investment LP bought a new stake in Diageo in the fourth quarter valued at $332,000. Hsbc Holdings PLC acquired a new position in shares of Diageo during the fourth quarter valued at $2,700,000. TD Asset Management Inc boosted its holdings in shares of Diageo by 78.6% during the fourth quarter. TD Asset Management Inc now owns 8,359 shares of the company’s stock valued at $1,218,000 after acquiring an additional 3,678 shares during the period. Finally, Catalytic Wealth RIA LLC bought a new position in shares of Diageo during the fourth quarter worth about $368,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $140.30 on Friday. The firm’s 50-day moving average is $129.58 and its two-hundred day moving average is $135.10. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, August 30th. This represents a yield of 3.2%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Diageo Profile

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.