Good Life Advisors LLC Lowers Stake in Diageo plc (NYSE:DEO)

Good Life Advisors LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 27.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,675 shares of the company’s stock after selling 627 shares during the period. Good Life Advisors LLC’s holdings in Diageo were worth $213,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DEO. Alliance Wealth Advisors LLC UT lifted its stake in Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after acquiring an additional 86 shares during the period. Savant Capital LLC lifted its stake in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after acquiring an additional 88 shares during the period. Diversified Trust Co lifted its stake in 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 during the period. Malaga Cove Capital LLC raised its holdings in Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC raised its holdings in Diageo by 1.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after purchasing an additional 104 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

DEO opened at $110.54 on Friday. 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 quick ratio of 0.67 and a current ratio of 1.60. The firm’s 50-day moving average price is $119.17 and its 200-day moving average price is $125.46.

Diageo Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent research reports. TD Cowen boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of $129.00.

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.