Schrum Private Wealth Management LLC Cuts Holdings in Diageo plc (NYSE:DEO)

Schrum Private Wealth Management LLC decreased its holdings in Diageo plc (NYSE:DEO) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,946 shares of the company’s stock after selling 1,546 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Diageo were worth $247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT boosted its holdings in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after acquiring an additional 88 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after acquiring an additional 98 shares during the period. Malaga Cove Capital LLC raised its holdings in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in Diageo by 8.6% during the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 5.4 %

Shares of Diageo stock opened at $114.12 on Thursday. The business’s fifty day moving average is $116.44 and its two-hundred day moving average is $124.59. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $151.76. The firm has a market cap of $63.49 billion, a PE ratio of 16.66, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

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 issued a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s payout ratio is currently 46.42%.

Analysts Set New Price Targets

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

Diageo Profile

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.