FineMark National Bank & Trust Decreases Stake in Diageo plc (NYSE:DEO)

FineMark National Bank & Trust lessened its holdings in shares of Diageo plc (NYSE:DEO) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,261 shares of the company’s stock after selling 4,877 shares during the period. FineMark National Bank & Trust’s holdings in Diageo were worth $4,356,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Diageo during the 3rd quarter worth $25,000. CoreFirst Bank & Trust acquired a new position in Diageo during the fourth quarter worth about $25,000. Eastern Bank lifted its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at approximately $35,000. Finally, Kestra Investment Management LLC purchased a new position in Diageo in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. 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. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Down 0.9 %

Shares of NYSE:DEO opened at $105.25 on Wednesday. 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 company has a market capitalization of $58.55 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.39 and a beta of 0.65. Diageo plc has a 52-week low of $104.98 and a 52-week high of $149.44. The stock’s fifty day simple moving average is $112.26 and its 200-day simple moving average is $122.33.

Diageo Dividend Announcement

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 $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Diageo Company 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.