Lincoln Capital LLC cut its stake in Diageo plc (NYSE:DEO) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,797 shares of the company’s stock after selling 858 shares during the quarter. Diageo comprises approximately 5.6% of Lincoln Capital LLC’s holdings, making the stock its 5th largest holding. Lincoln Capital LLC’s holdings in Diageo were worth $10,323,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of DEO. Centerpoint Advisors LLC purchased a new stake in Diageo in the fourth quarter worth $26,000. Acima Private Wealth LLC purchased a new stake in Diageo in the fourth quarter worth $29,000. Claybrook Capital LLC purchased a new stake in Diageo in the fourth quarter worth $30,000. Capital Investment Advisory Services LLC purchased a new stake in Diageo in the fourth quarter worth $31,000. Finally, Ledyard National Bank increased its stake in Diageo by 62.9% in the fourth quarter. Ledyard National Bank now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 110 shares during the period. Institutional investors own 10.63% of the company’s stock.
DEO has been the topic of several research reports. Zacks Investment Research upgraded Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 price target on the stock in a research note on Tuesday, February 5th. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Macquarie restated a “buy” rating on shares of Diageo in a research note on Sunday, December 16th. Finally, Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $164.75.
Shares of Diageo stock opened at $163.77 on Thursday. The firm has a market cap of $99.27 billion, a PE ratio of 25.79, a PEG ratio of 2.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 1.48. Diageo plc has a 12 month low of $131.43 and a 12 month high of $164.55.
The company also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.3688 per share. The ex-dividend date is Thursday, February 28th. This represents a dividend yield of 1.81%. Diageo’s dividend payout ratio is currently 42.83%.
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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