Tucker Asset Management LLC Has $135,000 Stock Holdings in Diageo plc (NYSE:DEO)

Tucker Asset Management LLC reduced its holdings in shares of Diageo plc (NYSE:DEO) by 11.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,058 shares of the company’s stock after selling 142 shares during the period. Tucker Asset Management LLC’s holdings in Diageo were worth $135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canoe Financial LP boosted its stake in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Diageo by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock valued at $4,795,000 after purchasing an additional 3,964 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares in the last quarter. Maia Wealth LLC grew its stake in Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock worth $1,648,000 after buying an additional 2,593 shares during the last quarter. Finally, Aviso Financial Inc. increased its holdings in shares of Diageo by 3.4% during the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock worth $30,846,000 after buying an additional 7,954 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DEO shares. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 0.3 %

Shares of DEO opened at $105.25 on Friday. The business’s fifty day moving average price is $111.55 and its two-hundred day moving average price is $121.90. The firm has a market capitalization of $58.55 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 52 week low of $104.80 and a 52 week high of $149.24. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is 46.42%.

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.