Proficio Capital Partners LLC Cuts Position in Diageo plc (NYSE:DEO)

Proficio Capital Partners LLC reduced its holdings in shares of Diageo plc (NYSE:DEO) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,648 shares of the company’s stock after selling 4,954 shares during the quarter. Proficio Capital Partners LLC’s holdings in Diageo were worth $210,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its position in 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 purchasing an additional 86 shares during the period. Savant Capital LLC lifted its stake in shares of Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares in the last quarter. Diversified Trust Co boosted its position in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the period. Cromwell Holdings LLC grew its stake in shares of Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after buying an additional 102 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC grew its stake in shares of Diageo by 1.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock valued at $809,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEO. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 0.5 %

DEO stock opened at $105.39 on Friday. The company has a market capitalization of $58.63 billion, a P/E ratio of 15.39, a PEG ratio of 2.39 and a beta of 0.65. The firm has a 50 day simple moving average of $111.82 and a 200-day simple moving average of $122.10. 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 twelve month low of $104.80 and a twelve month high of $149.36.

Diageo Dividend Announcement

The business also recently announced 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 currently 46.42%.

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.