Pinnacle Associates Ltd. lessened its holdings in shares of Diageo plc (NYSE:DEO) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 81,672 shares of the company’s stock after selling 3,328 shares during the period. Pinnacle Associates Ltd.’s holdings in Diageo were worth $11,581,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. increased its position in shares of Diageo by 3.2% during the 3rd quarter. Garde Capital Inc. now owns 2,735 shares of the company’s stock worth $392,000 after purchasing an additional 85 shares during the last quarter. Sonora Investment Management LLC increased its position in shares of Diageo by 19.1% during the 4th quarter. Sonora Investment Management LLC now owns 536 shares of the company’s stock worth $76,000 after purchasing an additional 86 shares during the last quarter. Private Capital Group LLC increased its position in shares of Diageo by 6.5% during the 4th quarter. Private Capital Group LLC now owns 1,446 shares of the company’s stock worth $205,000 after purchasing an additional 88 shares during the last quarter. We Are One Seven LLC increased its position in shares of Diageo by 1.6% during the 4th quarter. We Are One Seven LLC now owns 5,723 shares of the company’s stock worth $811,000 after purchasing an additional 92 shares during the last quarter. Finally, Saratoga Research & Investment Management increased its position in shares of Diageo by 1.2% during the 4th quarter. Saratoga Research & Investment Management now owns 8,315 shares of the company’s stock worth $1,179,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 11.31% of the company’s stock.
DEO stock opened at $154.97 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The company has a market cap of $94.44 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. Diageo plc has a 1-year low of $131.22 and a 1-year high of $155.03.
The firm also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be issued a dividend of $1.3688 per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s payout ratio is presently 65.83%.
DEO has been the topic of several recent analyst reports. Zacks Investment Research raised Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 price target on the stock in a research report on Tuesday, February 5th. Macquarie reaffirmed a “buy” rating on shares of Diageo in a research report on Sunday, December 16th. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $164.75.
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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