Advisor OS LLC Sells 975 Shares of Diageo plc (NYSE:DEO)

Advisor OS LLC cut its holdings in Diageo plc (NYSE:DEO) by 16.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,965 shares of the company’s stock after selling 975 shares during the period. Advisor OS LLC’s holdings in Diageo were worth $631,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Diageo in the 3rd quarter valued at approximately $25,000. Eastern Bank boosted its position in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new position in Diageo during the fourth quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

NYSE:DEO opened at $110.56 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a 50-day moving average of $118.10 and a 200-day moving average of $125.22. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders 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 payout ratio is 46.42%.

Wall Street Analysts Forecast Growth

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