Cambridge Trust Co. Purchases 213 Shares of Diageo plc (NYSE:DEO)

Cambridge Trust Co. lifted its position in shares of Diageo plc (NYSE:DEO) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,218 shares of the company’s stock after buying an additional 213 shares during the quarter. Cambridge Trust Co.’s holdings in Diageo were worth $177,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DEO. Compagnie Lombard Odier SCmA bought a new position in Diageo during the third quarter worth $27,000. Planned Solutions Inc. bought a new position in Diageo during the fourth quarter worth $27,000. MCF Advisors LLC bought a new position in Diageo during the third quarter worth $30,000. PCA Investment Advisory Services Inc. acquired a new stake in Diageo in the second quarter worth $31,000. Finally, Pinnacle Holdings LLC acquired a new stake in Diageo in the first quarter worth $33,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DEO. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and an average price target of $3,797.50.

Diageo Price Performance

Diageo stock opened at $140.74 on Friday. Diageo plc has a 1-year low of $135.63 and a 1-year high of $190.02. The firm’s fifty day moving average price is $146.90 and its two-hundred day moving average price is $146.48. 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 Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were paid a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.