Thoroughbred Financial Services LLC Sells 225 Shares of Diageo plc (NYSE:DEO)

Thoroughbred Financial Services LLC lessened its position in shares of Diageo plc (NYSE:DEO) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,866 shares of the company’s stock after selling 225 shares during the period. Thoroughbred Financial Services LLC’s holdings in Diageo were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DEO. CoreFirst Bank & Trust bought a new stake in Diageo during the fourth quarter worth $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 worth $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new stake in Diageo in the fourth quarter valued at about $35,000. Kestra Investment Management LLC bought a new position in Diageo in the fourth quarter valued at about $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $104.19 on Friday. The firm has a market cap of $57.96 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 52 week low of $103.70 and a 52 week high of $144.28. The firm’s fifty day moving average is $110.12 and its 200-day moving average is $120.97. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on DEO. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank assumed coverage on Diageo in a report on Wednesday. They set a “buy” rating on the stock. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.