Fiduciary Management Inc. WI Has $1.05 Million Stake in Diageo plc (NYSE:DEO)

Fiduciary Management Inc. WI lessened its holdings in Diageo plc (NYSE:DEO) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 8,285 shares of the company’s stock after selling 165 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Diageo were worth $1,053,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Alliance Wealth Advisors LLC UT boosted its stake in shares of Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of 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. GeoWealth Management LLC grew its holdings in Diageo by 1.3% during the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company’s stock valued at $883,000 after buying an additional 92 shares in the last quarter. Diversified Trust Co grew its stake in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after acquiring an additional 98 shares in the last quarter. Finally, Cromwell Holdings LLC grew its position in shares of Diageo by 8.6% during the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on DEO shares. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, TD Cowen lifted 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Up 1.1 %

Shares of DEO opened at $109.39 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27. The firm’s 50-day moving average price is $107.87 and its 200-day moving average price is $118.71. The firm has a market capitalization of $60.85 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.39 and a beta of 0.63.

Diageo Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

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.