Diageo plc (NYSE:DEO) Shares Sold by Usca Ria LLC

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Usca Ria LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 32.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,066 shares of the company’s stock after selling 4,939 shares during the quarter. Usca Ria LLC’s holdings in Diageo were worth $1,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in Diageo by 0.8% in the first quarter. Wells Fargo & Company MN now owns 3,939,439 shares of the company’s stock worth $644,532,000 after acquiring an additional 30,734 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in Diageo by 17,346.3% in the second quarter. Thoroughbred Financial Services LLC now owns 1,660,188 shares of the company’s stock worth $166,019,000 after acquiring an additional 1,650,672 shares in the last quarter. Schafer Cullen Capital Management Inc raised its position in Diageo by 24.5% in the second quarter. Schafer Cullen Capital Management Inc now owns 1,175,258 shares of the company’s stock worth $200,099,000 after acquiring an additional 231,125 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Diageo by 3.0% in the first quarter. The Manufacturers Life Insurance Company now owns 1,095,768 shares of the company’s stock worth $179,279,000 after acquiring an additional 31,821 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Diageo by 9.9% in the first quarter. Parametric Portfolio Associates LLC now owns 916,531 shares of the company’s stock worth $149,954,000 after acquiring an additional 82,270 shares in the last quarter. 10.68% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on DEO. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective for the company in a research report on Monday, May 27th. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $178.00.

Shares of DEO stock traded up $2.05 during mid-day trading on Friday, reaching $167.69. The stock had a trading volume of 498,000 shares, compared to its average volume of 420,709. Diageo plc has a 12-month low of $131.43 and a 12-month high of $176.07. The company has a market cap of $100.94 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.85 and a beta of 0.47. The business has a 50-day simple moving average of $168.74 and a 200 day simple moving average of $165.24. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06.

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be given a $2.111 dividend. The ex-dividend date is Thursday, August 8th. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio (DPR) is currently 62.52%.

Diageo Company Profile

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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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