TCTC Holdings LLC Has $2.91 Million Position in Diageo plc $DEO

TCTC Holdings LLC cut its holdings in shares of Diageo plc (NYSE:DEO) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,755 shares of the company’s stock after selling 7,733 shares during the quarter. TCTC Holdings LLC’s holdings in Diageo were worth $2,912,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DEO. Spire Wealth Management raised its holdings in Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after acquiring an additional 178 shares in the last quarter. Sound Income Strategies LLC grew its stake in Diageo by 8,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth approximately $30,000. Texas Capital Bancshares Inc TX bought a new stake in shares of Diageo during the 3rd quarter worth approximately $32,000. Finally, GGM Financials LLC bought a new stake in shares of Diageo during the 3rd quarter worth approximately $36,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DEO. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Finally, HSBC downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Trading Up 1.9%

DEO opened at $81.27 on Friday. The stock’s fifty day simple moving average is $80.63 and its 200 day simple moving average is $85.26. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.41. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, April 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, April 17th. This represents a dividend yield of 195.0%.

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.