Sather Financial Group Inc Sells 8,672 Shares of Diageo plc (NYSE:DEO)

Sather Financial Group Inc lessened its holdings in Diageo plc (NYSE:DEO) by 67.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,113 shares of the company’s stock after selling 8,672 shares during the quarter. Sather Financial Group Inc’s holdings in Diageo were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Clearbridge Investments LLC grew its stake in Diageo by 7.0% in the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock valued at $349,785,000 after purchasing an additional 154,497 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Diageo by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,161,648 shares of the company’s stock worth $301,886,000 after acquiring an additional 137,397 shares during the period. Markel Group Inc. grew its stake in shares of Diageo by 0.4% during the 1st quarter. Markel Group Inc. now owns 1,360,408 shares of the company’s stock worth $202,347,000 after acquiring an additional 5,700 shares during the period. Confluence Investment Management LLC grew its stake in shares of Diageo by 10.5% during the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock worth $117,474,000 after acquiring an additional 88,159 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Diageo by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock worth $124,817,000 after acquiring an additional 14,789 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DEO. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2,950.00.

Diageo Price Performance

DEO traded up $2.65 during trading on Friday, reaching $135.01. 888,742 shares of the company were exchanged, compared to its average volume of 771,727. The company’s 50-day moving average is $128.30 and its two-hundred day moving average is $137.95. The company has a market cap of $75.05 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 3.55 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a 12-month low of $119.48 and a 12-month high of $171.07.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio (DPR) is 71.37%.

Diageo Company 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.