Banco de Sabadell S.A Has $386,000 Position in Diageo plc (NYSE:DEO)

Banco de Sabadell S.A trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,054 shares of the company’s stock after selling 117 shares during the period. Banco de Sabadell S.A’s holdings in Diageo were worth $386,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DEO. Guardian Partners Inc. bought a new position in Diageo in the fourth quarter valued at approximately $5,945,000. Sei Investments Co. grew its stake in shares of Diageo by 1.3% in the fourth quarter. Sei Investments Co. now owns 135,485 shares of the company’s stock valued at $17,225,000 after buying an additional 1,673 shares in the last quarter. American Century Companies Inc. increased its holdings in Diageo by 4.8% during the fourth quarter. American Century Companies Inc. now owns 102,965 shares of the company’s stock worth $13,090,000 after buying an additional 4,686 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Diageo during the fourth quarter worth $55,000. Finally, Lee Danner & Bass Inc. lifted its stake in Diageo by 64.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 26,029 shares of the company’s stock valued at $3,309,000 after acquiring an additional 10,196 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 0.8 %

Shares of Diageo stock opened at $107.09 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $105.23 and a 12-month high of $149.44. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.39 and a beta of 0.65. The firm’s 50-day moving average price is $112.65 and its two-hundred day moving average price is $122.68.

Diageo Announces Dividend

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

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.