Diageo plc (NYSE:DEO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Diageo plc (NYSE:DEO) by 14.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 732,416 shares of the company’s stock after selling 121,166 shares during the period. Dimensional Fund Advisors LP owned 0.13% of Diageo worth $93,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT increased its holdings in shares of Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after purchasing an additional 86 shares during the period. Savant Capital LLC increased its holdings in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after purchasing an additional 88 shares during the period. GeoWealth Management LLC increased its holdings in shares of Diageo by 1.3% in the fourth quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock valued at $883,000 after purchasing an additional 92 shares during the period. Diversified Trust Co increased its holdings in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares during the period. Finally, Cromwell Holdings LLC increased its holdings in shares of Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 0.6 %

Diageo stock opened at $111.25 on Tuesday. The firm has a market cap of $61.89 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 52 week low of $100.72 and a 52 week high of $144.27. The business’s 50-day moving average price is $108.31 and its 200 day moving average price is $117.42. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Friday, February 28th were issued a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date was Friday, February 28th. Diageo’s payout ratio is currently 46.42%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DEO shares. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.