Whittier Trust Co. of Nevada Inc. Has $1.38 Million Stock Position in Diageo plc (NYSE:DEO)

Whittier Trust Co. of Nevada Inc. lessened its holdings in shares of Diageo plc (NYSE:DEO) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,809 shares of the company’s stock after selling 2,170 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Diageo were worth $1,377,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in Diageo during the 2nd quarter valued at approximately $25,000. 1620 Investment Advisors Inc. bought a new position in Diageo during the second quarter worth $25,000. Concord Wealth Partners acquired a new position in Diageo in the first quarter valued at $29,000. Beacon Capital Management LLC boosted its position in Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in Diageo by 1,395.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after acquiring an additional 279 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $136.71 on Wednesday. The stock’s 50 day moving average is $133.72 and its 200-day moving average is $133.61. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $75.99 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 3.77 and a beta of 0.69.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Friday, August 30th were paid a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 30th. Diageo’s dividend payout ratio (DPR) is 71.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.