TCTC Holdings LLC Sells 7,733 Shares of Diageo plc $DEO

TCTC Holdings LLC decreased its position in Diageo plc (NYSE:DEO) by 18.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,755 shares of the company’s stock after selling 7,733 shares during the period. TCTC Holdings LLC’s holdings in Diageo were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Spire Wealth Management boosted its stake in Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the period. Sound Income Strategies LLC increased its position in Diageo by 8,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after buying an additional 320 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth $30,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of Diageo during the third quarter worth $32,000. Finally, GGM Financials LLC bought a new stake in shares of Diageo in the third quarter valued at about $36,000. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DEO shares. HSBC downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.50.

Diageo Trading Up 1.9%

Diageo stock opened at $81.27 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41. The stock has a fifty day moving average of $80.63 and a 200-day moving average of $85.26.

Diageo Dividend Announcement

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

About Diageo

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.