Diageo plc (NYSE:DEO) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC cut its holdings in Diageo plc (NYSE:DEO) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,556 shares of the company’s stock after selling 555 shares during the quarter. Cable Hill Partners LLC’s holdings in Diageo were worth $325,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Diageo during the third quarter worth about $25,000. Eastern Bank increased its stake in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth about $35,000. Kestra Investment Management LLC acquired a new position in shares of Diageo during the fourth quarter worth about $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DEO shares. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Up 0.6 %

DEO stock opened at $110.56 on Thursday. The company has a market cap of $61.51 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. The company’s 50-day moving average price is $118.10 and its 200 day moving average price is $125.22. 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. Investors of record on Friday, February 28th will be issued a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio is currently 46.42%.

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.