Marble Harbor Investment Counsel LLC Boosts Stock Holdings in Diageo plc $DEO

Marble Harbor Investment Counsel LLC boosted its position in Diageo plc (NYSE:DEO) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,418 shares of the company’s stock after purchasing an additional 8,380 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Diageo were worth $2,797,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DEO. Intrust Bank NA raised its stake in Diageo by 4.4% in the 4th quarter. Intrust Bank NA now owns 3,270 shares of the company’s stock valued at $282,000 after acquiring an additional 138 shares during the period. Profund Advisors LLC raised its stake in Diageo by 73.6% in the 4th quarter. Profund Advisors LLC now owns 7,007 shares of the company’s stock valued at $604,000 after acquiring an additional 2,971 shares during the period. Capstone Capital Management Ltd bought a new stake in Diageo in the 4th quarter valued at about $409,000. Tucker Asset Management LLC bought a new stake in Diageo in the 4th quarter valued at about $95,000. Finally, Mission Wealth Management LP raised its stake in Diageo by 4.0% in the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Argus raised shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Finally, HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Diageo currently has an average rating of “Hold” and an average price target of $116.50.

Diageo Stock Up 0.5%

Shares of DEO opened at $84.20 on Wednesday. The business’s 50-day moving average price is $78.42 and its 200-day moving average price is $86.48. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a dividend yield of 195.0%.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.