TD Waterhouse Canada Inc. Has $969,000 Stake in Diageo plc $DEO

TD Waterhouse Canada Inc. trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 48.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,311 shares of the company’s stock after selling 11,493 shares during the period. TD Waterhouse Canada Inc.’s holdings in Diageo were worth $969,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC bought a new position in shares of Diageo during the 2nd quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Diageo during the 1st quarter worth approximately $34,000. Axiom Investment Management LLC acquired a new position in Diageo during the 1st quarter worth approximately $54,000. Basepoint Wealth LLC bought a new position in Diageo in the fourth quarter worth approximately $55,000. Finally, MCF Advisors LLC grew its stake in Diageo by 2,776.0% in the fourth quarter. MCF Advisors LLC now owns 719 shares of the company’s stock valued at $62,000 after acquiring an additional 694 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $86.03 on Thursday. Diageo plc has a 52 week low of $72.45 and a 52 week high of $104.90. The company’s 50 day moving average price is $88.50 and its two-hundred day moving average price is $83.55. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.62.

Diageo Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, October 16th. This represents a dividend yield of 252.0%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. UBS Group reiterated a “neutral” rating on shares of Diageo in a report on Thursday, August 27th. Loop Capital set a $99.00 target price on shares of Diageo in a research report on Thursday, June 18th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Diageo in a research report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of $106.25.

Diageo Company Profile

Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.