Diageo plc (NYSE:DEO) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its stake in Diageo plc (NYSE:DEO - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,891 shares of the company's stock after selling 3,828 shares during the period. Integrated Wealth Concepts LLC's holdings in Diageo were worth $1,893,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. CoreFirst Bank & Trust acquired a new position in Diageo in the fourth quarter worth $25,000. Eastern Bank raised its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of Diageo during the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the fourth quarter worth about $47,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

NYSE DEO opened at $111.25 on Tuesday. The company has a 50 day simple moving average of $108.31 and a 200-day simple moving average of $117.42. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27. The firm has a market capitalization of $61.89 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, February 28th were issued a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 28th. Diageo's dividend payout ratio is currently 46.42%.

Diageo Company 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.

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