Summitry LLC Decreases Holdings in Diageo plc (NYSE:DEO)

Summitry LLC decreased its holdings in Diageo plc (NYSE:DEO) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,776 shares of the company’s stock after selling 100 shares during the period. Summitry LLC’s holdings in Diageo were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Brooklyn Investment Group purchased a new stake in Diageo during the third quarter valued at about $25,000. CoreFirst Bank & Trust purchased a new stake in Diageo during the 4th quarter valued at about $25,000. Eastern Bank grew its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in Diageo in the 4th quarter worth approximately $35,000. Finally, Kestra Investment Management LLC bought a new stake in Diageo in the fourth quarter valued at approximately $36,000. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.9 %

Shares of DEO opened at $105.25 on Wednesday. Diageo plc has a 1-year low of $104.98 and a 1-year high of $149.44. 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 firm’s 50-day moving average price is $112.26 and its 200-day moving average price is $122.33. The firm has a market capitalization of $58.55 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised 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 assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus 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.