Diageo plc (NYSE:DEO) Stake Cut by LGL Partners LLC

LGL Partners LLC decreased its holdings in shares of Diageo plc (NYSE:DEO) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,816 shares of the company’s stock after selling 216 shares during the period. LGL Partners LLC’s holdings in Diageo were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Canoe Financial LP grew its position in shares of Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. FMR LLC boosted its stake in Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock valued at $176,042,000 after purchasing an additional 147,920 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of Diageo by 30.5% during the 3rd quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after purchasing an additional 229,946 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEO has been the topic of several analyst reports. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Trading Down 0.2 %

NYSE:DEO opened at $110.07 on Wednesday. The stock has a market cap of $61.23 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.39 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 1 year low of $105.72 and a 1 year high of $154.71. The business has a fifty day moving average of $118.39 and a 200-day moving average of $125.33.

Diageo Dividend Announcement

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

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.