OLD National Bancorp IN Purchases Shares of 1,691 Diageo plc (NYSE:DEO)

OLD National Bancorp IN purchased a new stake in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,691 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in Diageo during the third quarter valued at about $27,000. Planned Solutions Inc. acquired a new position in shares of Diageo during the fourth quarter worth about $27,000. MCF Advisors LLC acquired a new position in shares of Diageo during the third quarter worth about $30,000. Criterion Capital Advisors LLC acquired a new position in shares of Diageo during the fourth quarter worth about $36,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Diageo during the third quarter worth about $48,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Argus cut Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of $3,797.50.

Diageo Stock Performance

Shares of NYSE:DEO opened at $138.31 on Friday. Diageo plc has a one year low of $135.63 and a one year high of $189.54. The stock has a fifty day moving average of $146.45 and a 200-day moving average of $146.22. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were issued a $1.62 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 2.7%.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.