Diageo plc $DEO Shares Sold by McGinn Penninger Investment Management Inc.

McGinn Penninger Investment Management Inc. trimmed its holdings in Diageo plc (NYSE:DEO) by 18.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,374 shares of the company’s stock after selling 8,528 shares during the quarter. Diageo makes up about 1.9% of McGinn Penninger Investment Management Inc.’s holdings, making the stock its 23rd biggest position. McGinn Penninger Investment Management Inc.’s holdings in Diageo were worth $3,311,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DEO. Brighton Jones LLC acquired a new position in shares of Diageo in the 4th quarter valued at $202,000. Russell Investments Group Ltd. increased its holdings in shares of Diageo by 17.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock valued at $399,000 after acquiring an additional 574 shares during the period. Invesco Ltd. increased its holdings in shares of Diageo by 5.3% in the 2nd quarter. Invesco Ltd. now owns 212,004 shares of the company’s stock valued at $21,379,000 after acquiring an additional 10,653 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Diageo by 87.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company’s stock valued at $124,000 after acquiring an additional 575 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Diageo in the 2nd quarter valued at $444,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

NYSE:DEO opened at $85.04 on Wednesday. The firm’s fifty day moving average price is $79.04 and its 200 day moving average price is $86.23. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.41. 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 company also recently disclosed a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a $0.80 dividend. This represents a yield of 195.0%. The ex-dividend date is Friday, April 17th.

Analyst Ratings Changes

A number of equities analysts have recently commented on DEO shares. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Finally, BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Company 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.