Addison Capital Co Sells 182 Shares of Diageo plc (NYSE:DEO)

Addison Capital Co cut its stake in shares of Diageo plc (NYSE:DEO) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,012 shares of the company’s stock after selling 182 shares during the period. Addison Capital Co’s holdings in Diageo were worth $1,019,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Canoe Financial LP lifted its position in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. FMR LLC increased its stake in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after buying an additional 147,920 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after buying an additional 229,946 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Diageo by 6.9% in the third quarter. Wellington Management Group LLP now owns 991,459 shares of the company’s stock valued at $139,141,000 after acquiring an additional 64,367 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.4 %

DEO stock opened at $107.55 on Monday. The stock has a fifty day moving average of $114.26 and a 200-day moving average of $123.45. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $149.44. The company has a market capitalization of $59.83 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio is presently 46.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on DEO. TD Cowen lifted their price target on 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 Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.