Asset Management One Co. Ltd. Sells 210 Shares of Diageo plc (NYSE:DEO)

Asset Management One Co. Ltd. lessened its holdings in shares of Diageo plc (NYSE:DEO) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,810 shares of the company’s stock after selling 210 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Diageo were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Naples Global Advisors LLC increased its stake in Diageo by 27.9% during the 4th quarter. Naples Global Advisors LLC now owns 28,886 shares of the company’s stock valued at $3,672,000 after purchasing an additional 6,296 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Diageo by 23.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,862 shares of the company’s stock valued at $361,000 after purchasing an additional 539 shares in the last quarter. Kentucky Trust Co bought a new stake in Diageo during the 4th quarter valued at $83,000. Beacon Financial Group increased its stake in Diageo by 112.7% during the 4th quarter. Beacon Financial Group now owns 7,050 shares of the company’s stock valued at $896,000 after purchasing an additional 3,735 shares in the last quarter. Finally, Compound Global Advisors LLC bought a new stake in Diageo during the 4th quarter valued at $407,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.4 %

Shares of NYSE:DEO opened at $107.94 on Friday. The company’s 50-day moving average is $119.59 and its 200 day moving average is $125.53. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be issued a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th.

Analysts Set New Price Targets

A number of analysts have commented on DEO shares. TD Cowen boosted their price target 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. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.