Citizens National Bank Trust Department Has $872,000 Stake in Diageo plc $DEO

Citizens National Bank Trust Department decreased its holdings in shares of Diageo plc (NYSE:DEO) by 33.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,645 shares of the company’s stock after selling 4,430 shares during the quarter. Citizens National Bank Trust Department’s holdings in Diageo were worth $872,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in Diageo by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock worth $271,000 after purchasing an additional 89 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in Diageo by 1.7% during the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after purchasing an additional 89 shares during the last quarter. Grove Bank & Trust boosted its holdings in Diageo by 1.3% during the first quarter. Grove Bank & Trust now owns 7,560 shares of the company’s stock worth $792,000 after purchasing an additional 98 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in Diageo by 3.2% during the first quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after purchasing an additional 100 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Diageo by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

NYSE:DEO opened at $95.89 on Wednesday. Diageo plc has a 52 week low of $93.42 and a 52 week high of $139.96. The firm has a market cap of $53.35 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 3.38 and a beta of 0.58. The firm’s 50-day simple moving average is $104.49 and its 200 day simple moving average is $106.26. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Diageo Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a dividend of $2.5192 per share. This is a positive change from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. Diageo’s payout ratio is 46.42%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DEO shares. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Saturday, September 27th. Finally, Bank of America dropped their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $119.00.

Diageo Company 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.