Lincluden Management Ltd. Has $7.34 Million Stake in Diageo plc (NYSE:DEO)

Lincluden Management Ltd. lowered its holdings in Diageo plc (NYSE:DEO) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 57,739 shares of the company’s stock after selling 331 shares during the quarter. Diageo comprises about 0.9% of Lincluden Management Ltd.’s holdings, making the stock its 26th biggest position. Lincluden Management Ltd.’s holdings in Diageo were worth $7,340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT boosted its stake in shares of Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares during the last quarter. Savant Capital LLC boosted its position in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after purchasing an additional 88 shares during the last quarter. Diversified Trust Co grew its stake in Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Cromwell Holdings LLC raised its stake in shares of Diageo by 8.6% during the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 0.2 %

DEO opened at $110.30 on Tuesday. The stock’s fifty day simple moving average is $118.76 and its 200 day simple moving average is $125.43. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The stock has a market cap of $61.36 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. 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 business also recently disclosed 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 payout ratio is presently 46.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DEO shares. 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. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, 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.