Diageo plc (NYSE:DEO) Stock Holdings Decreased by Fiduciary Group LLC

Fiduciary Group LLC reduced its position in Diageo plc (NYSE:DEO) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,720 shares of the company’s stock after selling 170 shares during the period. Fiduciary Group LLC’s holdings in Diageo were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DEO. Brooklyn Investment Group purchased a new position in shares of Diageo in the third quarter worth approximately $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $47,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO opened at $108.00 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $60.08 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company has a 50 day moving average price of $112.88 and a two-hundred day moving average price of $122.90. Diageo plc has a 12-month low of $105.23 and a 12-month high of $149.44.

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 paid 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 presently 46.42%.

Wall Street Analysts Forecast Growth

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