Grandfield & Dodd LLC Lowers Holdings in Diageo plc $DEO

Grandfield & Dodd LLC cut its position in Diageo plc (NYSE:DEO) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,561 shares of the company’s stock after selling 11,643 shares during the quarter. Grandfield & Dodd LLC’s holdings in Diageo were worth $21,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management raised its position 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 raised its position 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. Flagship Harbor Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter valued at $30,000. Texas Capital Bancshares Inc TX purchased a new stake in shares of Diageo during the 3rd quarter valued at $32,000. Finally, GGM Financials LLC purchased a new stake in shares of Diageo during the 3rd quarter valued at $36,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Diageo Stock Performance

Shares of NYSE:DEO opened at $82.61 on Friday. The company’s fifty day moving average is $79.54 and its 200 day moving average is $86.16. Diageo plc has a 52 week low of $72.45 and a 52 week 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.

Diageo Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a $0.80 dividend. This represents a yield of 195.0%. The ex-dividend date is Friday, April 17th.

Diageo Company Profile

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.