Citizens National Bank Trust Department Sells 365 Shares of Diageo plc (NYSE:DEO)

Citizens National Bank Trust Department lessened its holdings in Diageo plc (NYSE:DEO) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,695 shares of the company’s stock after selling 365 shares during the period. Citizens National Bank Trust Department’s holdings in Diageo were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT increased 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 buying an additional 86 shares during the period. Savant Capital LLC increased its position in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares during the period. Diversified Trust Co increased its position in Diageo by 5.6% during the 4th 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. Malaga Cove Capital LLC increased its position in Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after buying an additional 100 shares during the period. Finally, Mill Creek Capital Advisors LLC increased its position in Diageo by 1.7% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after buying an additional 104 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DEO. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

DEO opened at $106.47 on Thursday. Diageo plc has a 52-week low of $105.72 and a 52-week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The business’s fifty day moving average is $120.02 and its 200-day moving average is $125.65.

Diageo Announces Dividend

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 issued a dividend of $1.62 per share. This represents a dividend 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.