Global Retirement Partners LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

Global Retirement Partners LLC reduced its position in Diageo plc (NYSE:DEO) by 35.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,226 shares of the company’s stock after selling 2,920 shares during the quarter. Global Retirement Partners LLC’s holdings in Diageo were worth $664,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DEO. Alliance Wealth Advisors LLC UT boosted its holdings in Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after purchasing an additional 86 shares during the period. Savant Capital LLC raised its position in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares in the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after buying an additional 98 shares during the period. Malaga Cove Capital LLC grew its position in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after buying an additional 100 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC increased its stake in Diageo by 1.7% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 2.4 %

Shares of DEO stock opened at $110.54 on Friday. The business has a 50-day moving average price of $119.17 and a two-hundred day moving average price of $125.49. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. 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 firm has a market cap of $61.49 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is 73.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen raised their target price 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. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo 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.