Waverly Advisors LLC Sells 14,328 Shares of Diageo plc $DEO

Waverly Advisors LLC decreased its holdings in Diageo plc (NYSE:DEO) by 36.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,457 shares of the company’s stock after selling 14,328 shares during the quarter. Waverly Advisors LLC’s holdings in Diageo were worth $1,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at about $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Diageo in the first quarter worth approximately $34,000. Axiom Investment Management LLC purchased a new position in shares of Diageo during the first quarter valued at approximately $54,000. Basepoint Wealth LLC purchased a new position in shares of Diageo during the fourth quarter valued at approximately $55,000. Finally, MCF Advisors LLC lifted its position in Diageo by 2,776.0% during the fourth quarter. MCF Advisors LLC now owns 719 shares of the company’s stock valued at $62,000 after purchasing an additional 694 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 0.4%

DEO opened at $86.67 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.62. The company’s 50 day moving average is $88.67 and its 200 day moving average is $83.47. Diageo plc has a 12-month low of $72.45 and a 12-month high of $103.24.

Diageo Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be given a $1.20 dividend. The ex-dividend date is Friday, October 16th. This represents a yield of 252.0%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DEO. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Loop Capital set a $99.00 price target on Diageo in a report on Thursday, June 18th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. UBS Group restated a “neutral” rating on shares of Diageo in a research note on Thursday, August 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Diageo in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Diageo currently has an average rating of “Hold” and an average target price of $106.25.

Diageo Profile

Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.