Diageo (NYSE:DEO) Shares Sold by Tweedy Browne Co. LLC

Tweedy Browne Co. LLC decreased its position in Diageo (NYSE:DEO) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 294,207 shares of the company’s stock after selling 8,618 shares during the quarter. Diageo comprises 1.2% of Tweedy Browne Co. LLC’s investment portfolio, making the stock its 20th largest holding. Tweedy Browne Co. LLC’s holdings in Diageo were worth $42,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DEO. Arrowstreet Capital Limited Partnership boosted its position in shares of Diageo by 4.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,193,871 shares of the company’s stock valued at $174,341,000 after acquiring an additional 51,327 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Diageo by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock valued at $64,288,000 after acquiring an additional 8,978 shares during the period. Renaissance Technologies LLC boosted its position in shares of Diageo by 27.8% in the fourth quarter. Renaissance Technologies LLC now owns 473,300 shares of the company’s stock valued at $69,116,000 after acquiring an additional 102,820 shares during the period. Fisher Asset Management LLC raised its stake in shares of Diageo by 2,801.7% in the fourth quarter. Fisher Asset Management LLC now owns 422,482 shares of the company’s stock valued at $61,695,000 after purchasing an additional 407,922 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Diageo by 1.9% in the fourth quarter. Raymond James & Associates now owns 367,490 shares of the company’s stock valued at $53,665,000 after purchasing an additional 6,948 shares in the last quarter. 11.86% of the stock is owned by institutional investors and hedge funds.

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DEO has been the subject of a number of recent research reports. Natixis lowered Diageo from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Diageo from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Wednesday, February 7th. Jefferies Group set a $157.00 target price on Diageo and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, BNP Paribas lowered Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $153.00.

Diageo stock traded down $0.52 during midday trading on Friday, reaching $139.17. The stock had a trading volume of 452,322 shares, compared to its average volume of 339,876. Diageo has a 1-year low of $113.67 and a 1-year high of $147.62. The firm has a market cap of $86,927.13, a PE ratio of 25.21, a P/E/G ratio of 2.89 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be given a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s dividend payout ratio (DPR) is 62.14%.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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