Diageo plc (NYSE:DEO) Shares Sold by Intelligent Financial Strategies

Intelligent Financial Strategies cut its holdings in shares of Diageo plc (NYSE:DEO) by 23.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 921 shares of the company’s stock after selling 285 shares during the period. Intelligent Financial Strategies’ holdings in Diageo were worth $117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after purchasing an additional 85 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings 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 buying an additional 86 shares in the last quarter. Savant Capital LLC boosted its position in Diageo by 5.0% in the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after buying an additional 88 shares during the period. Diversified Trust Co grew its stake 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 acquiring an additional 98 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its position in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of a number of recent research reports. TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Down 1.8 %

Diageo stock opened at $107.45 on Monday. The stock’s fifty day moving average is $121.08 and its two-hundred day moving average is $125.99. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60.

Diageo Dividend Announcement

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

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.