Country Club Bank Sells 7,574 Shares of Diageo plc (NYSE:DEO)

Country Club Bank decreased its holdings in shares of Diageo plc (NYSE:DEO) by 32.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,791 shares of the company’s stock after selling 7,574 shares during the period. Country Club Bank’s holdings in Diageo were worth $2,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in Diageo by 1,034.5% in the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Diageo by 416.0% in the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after purchasing an additional 420,778 shares during the period. Raymond James & Associates raised its holdings in shares of Diageo by 52.3% in the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after purchasing an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Diageo by 12,174.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after acquiring an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in Diageo in the 3rd quarter valued at about $24,995,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 0.9 %

Diageo stock opened at $133.27 on Friday. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The stock has a market cap of $74.13 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. The firm’s 50-day simple moving average is $134.02 and its 200 day simple moving average is $133.48. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Friday, August 30th were given a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 30th. Diageo’s dividend payout ratio is 71.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Diageo presently has a consensus rating of “Hold”.

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.