Roffman Miller Associates Inc. PA Has $5.08 Million Holdings in Diageo plc $DEO

Key Points

• Roffman Miller Associates Inc. PA cut its stake in Diageo by 24.2%, selling 18,783 shares in Q4 and finishing the period with 58,903 shares valued at $5.08 million.
• Several large institutions materially increased positions—The Manufacturers Life Insurance Co., Orbis Allan Gray, Raymond James and others added substantial shares—leaving institutional investors with about 8.97% ownership of Diageo.
• Analyst coverage is mixed with a consensus rating of Hold and an average price target of $116.50, and the company declared a $0.80 per-share dividend (ex-dividend April 17, payable June 4).

Roffman Miller Associates Inc. PA decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,903 shares of the company's stock after selling 18,783 shares during the quarter. Roffman Miller Associates Inc. PA's holdings in Diageo were worth $5,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DEO. The Manufacturers Life Insurance Company increased its holdings in shares of Diageo by 72,871.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,568,162 shares of the company's stock valued at $158,133,000 after acquiring an additional 1,566,013 shares in the last quarter. Equity Investment Corp bought a new stake in shares of Diageo during the third quarter valued at approximately $92,970,000. Orbis Allan Gray Ltd increased its holdings in shares of Diageo by 236.6% during the second quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company's stock valued at $116,772,000 after acquiring an additional 813,973 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Diageo by 48.5% during the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company's stock valued at $162,410,000 after acquiring an additional 555,509 shares in the last quarter. Finally, Cullen Capital Management LLC increased its holdings in shares of Diageo by 67.5% during the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company's stock valued at $124,943,000 after acquiring an additional 527,814 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DEO. Zacks Research upgraded Diageo from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "hold" rating to a "buy" rating in a report on Tuesday, March 31st. HSBC downgraded Diageo from a "buy" rating to a "hold" rating in a report on Monday, March 2nd. Barclays reiterated an "overweight" rating on shares of Diageo in a report on Thursday, December 11th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Diageo in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Diageo currently has an average rating of "Hold" and an average price target of $116.50.

Diageo Stock Performance

Shares of Diageo stock opened at $78.53 on Friday. The stock has a fifty day simple moving average of $85.00 and a 200 day simple moving average of $89.29. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.69. 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 business also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 207.0%.

Diageo 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.

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