LVW Advisors LLC Cuts Stake in Diageo plc (DEO)

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LVW Advisors LLC reduced its position in Diageo plc (NYSE:DEO) by 58.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,062 shares of the company’s stock after selling 5,603 shares during the quarter. LVW Advisors LLC’s holdings in Diageo were worth $576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Diageo by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,071,051 shares of the company’s stock worth $151,736,000 after purchasing an additional 20,335 shares in the last quarter. Deutsche Bank AG boosted its holdings in Diageo by 12.9% during the 3rd quarter. Deutsche Bank AG now owns 907,480 shares of the company’s stock valued at $128,560,000 after acquiring an additional 103,997 shares during the period. Renaissance Technologies LLC boosted its holdings in Diageo by 11.9% during the 3rd quarter. Renaissance Technologies LLC now owns 786,300 shares of the company’s stock valued at $111,395,000 after acquiring an additional 83,800 shares during the period. Capital Bank & Trust Co boosted its holdings in Diageo by 2.1% during the 3rd quarter. Capital Bank & Trust Co now owns 483,024 shares of the company’s stock valued at $68,430,000 after acquiring an additional 9,944 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Diageo by 42.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 428,811 shares of the company’s stock valued at $60,750,000 after acquiring an additional 127,547 shares during the period. Hedge funds and other institutional investors own 11.31% of the company’s stock.

NYSE DEO opened at $154.97 on Monday. Diageo plc has a fifty-two week low of $131.22 and a fifty-two week high of $155.03. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.73. The company has a market capitalization of $94.44 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st will be issued a $1.3688 dividend. This represents a yield of 1.81%. The ex-dividend date of this dividend is Thursday, February 28th. Diageo’s dividend payout ratio (DPR) is currently 65.83%.

DEO has been the subject of several analyst reports. Sanford C. Bernstein cut Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. Zacks Investment Research cut Diageo from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Macquarie reiterated a “buy” rating on shares of Diageo in a report on Sunday, December 16th. Finally, Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $164.75.

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Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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