Diageo plc (NYSE:DEO) Stock Holdings Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Diageo plc (NYSE:DEO) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,749 shares of the company’s stock after selling 4,992 shares during the period. Corient Private Wealth LLC’s holdings in Diageo were worth $12,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. Canoe Financial LP grew its position in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. Raymond James Financial Inc. bought a new position in Diageo in the 4th quarter valued at about $123,892,000. FMR LLC grew its position in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. ABC Arbitrage SA bought a new position in Diageo in the 4th quarter valued at about $37,777,000. Finally, JPMorgan Chase & Co. grew its position in Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after buying an additional 229,946 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

NYSE DEO opened at $106.40 on Thursday. The company has a 50 day simple moving average of $113.22 and a 200-day simple moving average of $123.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a market capitalization of $59.19 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a 52-week low of $105.23 and a 52-week high of $149.44.

Diageo Dividend Announcement

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

Analyst Ratings Changes

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

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.