Roffman Miller Associates Inc. PA Has $14.07 Million Stock Holdings in Diageo plc (NYSE:DEO)

Roffman Miller Associates Inc. PA cut its stake in shares of Diageo plc (NYSE:DEO) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 110,635 shares of the company’s stock after selling 8,062 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Diageo were worth $14,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Diageo during the third quarter valued at $25,000. Eastern Bank raised its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Concord Wealth Partners acquired a new position in Diageo during the third quarter valued at $38,000. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC acquired a new position in Diageo during the fourth quarter valued at $36,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of DEO stock opened at $110.54 on Monday. The stock has a 50 day moving average of $119.17 and a two-hundred day moving average of $125.52. 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 plc has a 12 month low of $105.72 and a 12 month high of $154.71. The company has a market capitalization of $61.49 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Announces Dividend

The company also recently disclosed 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 is currently 73.28%.

Analysts Set New Price Targets

DEO has been the topic of several research reports. TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.