Diageo plc $DEO Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC has sold 3,991 shares of Diageo plc, reducing its holdings by 53.8%, leaving it with 3,429 shares valued at $367,000.
• Several institutional investors have significantly increased their stakes in Diageo; for instance, BNP Paribas Financial Markets raised its holdings by a remarkable 1,544.5%.
• Diageo has announced a raised dividend of $2.5192 per share, up from $1.62, with a dividend yield of 370% set to be paid on December 4th.

Evergreen Capital Management LLC cut its position in Diageo plc (NYSE:DEO - Free Report) by 53.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,429 shares of the company's stock after selling 3,991 shares during the quarter. Evergreen Capital Management LLC's holdings in Diageo were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Diageo in the fourth quarter valued at $25,000. Perkins Coie Trust Co acquired a new stake in Diageo in the first quarter valued at $27,000. Barrett & Company Inc. acquired a new stake in Diageo in the first quarter valued at $27,000. Abound Financial LLC acquired a new stake in Diageo in the first quarter valued at $27,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Diageo in the first quarter valued at $30,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE:DEO traded up $0.42 on Friday, reaching $110.16. 858,906 shares of the company's stock were exchanged, compared to its average volume of 1,012,168. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a fifty-two week low of $96.45 and a fifty-two week high of $142.73. The business's 50-day moving average is $107.02 and its two-hundred day moving average is $107.98. The firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 3.89 and a beta of 0.59.

Diageo Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be issued a $2.5192 dividend. This is a boost from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 370.0%. Diageo's dividend payout ratio is 46.42%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $129.00.

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.