Diageo plc (NYSE:DEO) Holdings Cut by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its holdings in Diageo plc (NYSE:DEO) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,200 shares of the company’s stock after selling 11,132 shares during the period. Clarkston Capital Partners LLC’s holdings in Diageo were worth $31,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Diageo by 29.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,475,331 shares of the company’s stock valued at $176,789,000 after buying an additional 332,046 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Diageo by 10.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,195,108 shares of the company’s stock valued at $143,210,000 after acquiring an additional 115,666 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Diageo by 20.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 477,570 shares of the company’s stock valued at $57,227,000 after acquiring an additional 81,823 shares during the period. Royal Bank of Canada grew its position in shares of Diageo by 3.6% during the 2nd quarter. Royal Bank of Canada now owns 1,430,137 shares of the company’s stock valued at $171,374,000 after acquiring an additional 49,524 shares during the period. Finally, Moody Lynn & Lieberson LLC grew its position in shares of Diageo by 1,312.4% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 51,749 shares of the company’s stock valued at $6,838,000 after acquiring an additional 48,085 shares during the period. Institutional investors own 12.17% of the company’s stock.

A number of research firms have recently weighed in on DEO. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research report on Wednesday, February 7th. Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the stock a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, BNP Paribas downgraded shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Diageo has a consensus rating of “Hold” and an average price target of $153.75.

Diageo plc (DEO) opened at $137.07 on Wednesday. Diageo plc has a 52-week low of $110.92 and a 52-week high of $147.62. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, February 23rd will be given a $1.4232 dividend. This represents a yield of 1.96%. The ex-dividend date is Thursday, February 22nd.

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Diageo Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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