Rodgers Brothers Inc. Has $4.34 Million Stake in Diageo plc (NYSE:DEO)

Rodgers Brothers Inc. reduced its stake in shares of Diageo plc (NYSE:DEO) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,149 shares of the company’s stock after selling 825 shares during the quarter. Rodgers Brothers Inc.’s holdings in Diageo were worth $4,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT increased its position in shares of Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares in the last quarter. Savant Capital LLC grew its stake in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares in the last quarter. Cromwell Holdings LLC raised its stake 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 acquiring an additional 102 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Diageo by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock worth $475,000 after acquiring an additional 103 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 0.3 %

DEO stock opened at $105.25 on Monday. The business has a fifty day moving average of $111.55 and a 200-day moving average of $121.85. The company has a market cap of $58.55 billion, a P/E ratio of 15.36, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a twelve month low of $103.59 and a twelve month high of $149.24. 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 announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is presently 46.42%.

Analyst Upgrades and Downgrades

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

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.