ProVise Management Group LLC Sells 210 Shares of Diageo plc (NYSE:DEO)

ProVise Management Group LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,077 shares of the company’s stock after selling 210 shares during the period. ProVise Management Group LLC’s holdings in Diageo were worth $264,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DEO. Brooklyn Investment Group acquired a new stake in shares of Diageo during the 3rd quarter worth $25,000. Eastern Bank grew its holdings in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in shares of Diageo during the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $106.40 on Thursday. The business’s 50-day moving average price is $113.22 and its 200-day moving average price is $123.00. Diageo plc has a 12 month low of $105.23 and a 12 month high of $149.44. The firm has a market capitalization of $59.19 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

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