Schrum Private Wealth Management LLC Sells 1,546 Shares of Diageo plc (NYSE:DEO)

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

A number of other institutional investors and hedge funds have also bought and sold shares of DEO. Alliance Wealth Advisors LLC UT grew its position in shares of Diageo by 2.6% in the 4th 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 during the last quarter. Savant Capital LLC raised 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 buying an additional 88 shares during the period. Diversified Trust Co lifted its position in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after acquiring an additional 98 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in Diageo by 3.4% during the 3rd 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 lifted its stake in shares of Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after buying an additional 102 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DEO. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. 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 given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Trading Up 5.4 %

NYSE DEO opened at $114.12 on Thursday. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The company has a market capitalization of $63.49 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm’s fifty day moving average price is $116.44 and its 200 day moving average price is $124.59.

Diageo Dividend Announcement

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

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.