Diageo plc (NYSE:DEO) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 23.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,965 shares of the company’s stock after selling 603 shares during the period. 44 Wealth Management LLC’s holdings in Diageo were worth $250,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Diageo during the third quarter worth about $25,000. Eastern Bank grew its holdings in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Concord Wealth Partners acquired a new position in Diageo during the third quarter worth about $38,000. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter worth about $35,000. Finally, Kestra Investment Management LLC acquired a new position in Diageo during the fourth quarter worth about $36,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DEO has been the topic of a number of research analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Up 2.4 %

NYSE:DEO opened at $110.54 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. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The firm has a market capitalization of $61.49 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. The stock has a fifty day simple moving average of $119.17 and a 200 day simple moving average of $125.49.

Diageo Dividend Announcement

The firm also recently disclosed 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 is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is presently 73.28%.

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.