Insigneo Advisory Services LLC Cuts Stake in Diageo plc (NYSE:DEO)

Insigneo Advisory Services LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 11.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,485 shares of the company’s stock after selling 578 shares during the period. Insigneo Advisory Services LLC’s holdings in Diageo were worth $570,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust purchased a new position in shares of Diageo during the fourth quarter valued at about $25,000. Eastern Bank boosted its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in Diageo during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in Diageo in the 4th quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter worth approximately $47,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DEO shares. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, Berenberg Bank started coverage on Diageo in a research report on Wednesday, April 2nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and an average price target of $129.00.

Diageo Trading Up 1.1 %

DEO stock opened at $109.39 on Friday. The firm’s fifty day simple moving average is $107.85 and its two-hundred day simple moving average is $118.92. The stock has a market capitalization of $60.85 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. 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 plc has a twelve month low of $100.72 and a twelve month high of $144.27.

Diageo Dividend Announcement

The company also recently disclosed 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. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is currently 46.42%.

Diageo 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.