Intrust Bank NA Boosts Stock Position in Diageo plc (NYSE:DEO)

Intrust Bank NA boosted its holdings in shares of Diageo plc (NYSE:DEO) by 41.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,028 shares of the company’s stock after acquiring an additional 1,182 shares during the period. Intrust Bank NA’s holdings in Diageo were worth $512,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the 3rd quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new stake in Diageo during the fourth quarter valued at approximately $25,000. Eastern Bank raised its position 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 purchasing an additional 125 shares during the period. Modus Advisors LLC bought a new stake in shares of Diageo in the 4th quarter valued at approximately $35,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Diageo in the 4th quarter worth approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.3 %

NYSE:DEO opened at $105.25 on Friday. The company has a market cap of $58.55 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a twelve month low of $104.80 and a twelve month high of $149.24. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a fifty day simple moving average of $111.55 and a 200-day simple moving average of $121.90.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio is currently 46.42%.

Analyst Ratings Changes

DEO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Diageo has an average rating of “Hold” and an average 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.