Parkside Financial Bank & Trust Has $141,000 Stock Holdings in Diageo plc (NYSE:DEO)

Parkside Financial Bank & Trust cut its stake in Diageo plc (NYSE:DEO) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,111 shares of the company’s stock after selling 323 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Diageo were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Alliance Wealth Advisors LLC UT increased its stake in shares of 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 last quarter. Savant Capital LLC increased its stake 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 last quarter. Diversified Trust Co increased its stake in shares of 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 last quarter. Malaga Cove Capital LLC boosted 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, Cromwell Holdings LLC boosted its holdings in Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Up 0.2 %

DEO stock opened at $108.83 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76. The company has a 50-day moving average of $117.39 and a two-hundred day moving average of $124.98. The stock has a market capitalization of $60.54 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.