BRYN MAWR TRUST Co Increases Stake in Diageo plc (DEO)

BRYN MAWR TRUST Co raised its holdings in shares of Diageo plc (NYSE:DEO) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after purchasing an additional 180 shares during the period. BRYN MAWR TRUST Co’s holdings in Diageo were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DEO. Centerpoint Advisors LLC purchased a new stake in shares of Diageo in the fourth quarter worth approximately $26,000. Acima Private Wealth LLC purchased a new stake in shares of Diageo in the fourth quarter worth approximately $29,000. Claybrook Capital LLC purchased a new stake in shares of Diageo in the fourth quarter worth approximately $30,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Diageo in the fourth quarter worth approximately $31,000. Finally, Ledyard National Bank lifted its position in shares of Diageo by 62.9% in the fourth quarter. Ledyard National Bank now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

DEO stock traded up $0.44 during midday trading on Monday, hitting $163.64. 170,780 shares of the company traded hands, compared to its average volume of 413,921. Diageo plc has a twelve month low of $131.43 and a twelve month high of $165.53. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. The company has a market cap of $99.46 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Friday, March 1st will be given a $1.3688 dividend. The ex-dividend date is Thursday, February 28th. This represents a dividend yield of 1.81%. Diageo’s dividend payout ratio is 42.83%.

A number of research firms have recently issued reports on DEO. Barclays started coverage on shares of Diageo in a research report on Monday, April 1st. They issued an “overweight” rating for the company. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Investec downgraded Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Macquarie restated a “buy” rating on shares of Diageo in a report on Sunday, December 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Diageo presently has an average rating of “Hold” and a consensus target price of $164.75.

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About Diageo

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, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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