Tucker Asset Management LLC Has $135,000 Holdings in Diageo plc (NYSE:DEO)

Tucker Asset Management LLC trimmed its position in Diageo plc (NYSE:DEO) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,058 shares of the company’s stock after selling 142 shares during the quarter. Tucker Asset Management LLC’s holdings in Diageo were worth $135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in shares of Diageo during the third quarter valued at $261,000. Charles Schwab Investment Management Inc. boosted its position in Diageo by 84.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company’s stock worth $4,737,000 after acquiring an additional 15,487 shares during the period. Brooklyn Investment Group acquired a new stake in Diageo during the 3rd quarter worth about $25,000. BNP Paribas Financial Markets grew its stake in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares in the last quarter. Finally, Financial Counselors Inc. increased its holdings in shares of Diageo by 15.2% in the 3rd quarter. Financial Counselors Inc. now owns 2,979 shares of the company’s stock valued at $418,000 after purchasing an additional 392 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DEO shares. TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Trading Down 0.3 %

Shares of DEO stock opened at $105.25 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $104.80 and a 1 year high of $149.24. The firm’s fifty day simple moving average is $111.55 and its 200 day simple moving average is $121.90. The firm has a market capitalization of $58.55 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be given a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio is currently 46.42%.

About Diageo

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.