Lincoln Capital LLC Has $5.67 Million Stock Position in Diageo plc $DEO

Lincoln Capital LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 8.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,458 shares of the company’s stock after selling 4,763 shares during the quarter. Diageo comprises 1.2% of Lincoln Capital LLC’s holdings, making the stock its 20th biggest position. Lincoln Capital LLC’s holdings in Diageo were worth $5,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Diageo during the fourth quarter worth $25,000. BNP Paribas acquired a new stake in shares of Diageo during the fourth quarter worth $32,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Diageo during the fourth quarter worth $32,000. Perkins Coie Trust Co acquired a new stake in shares of Diageo during the first quarter worth $27,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Diageo during the first quarter worth $27,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Morgan Stanley reissued an “underweight” rating on shares of Diageo in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

DEO opened at $110.92 on Monday. The firm has a market cap of $61.71 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 3.34 and a beta of 0.53. Diageo plc has a 52-week low of $96.45 and a 52-week high of $142.73. 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 business’s fifty day moving average is $104.27 and its 200-day moving average is $107.79.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be issued a dividend of $2.5192 per share. This is an increase from Diageo’s previous semi-annual dividend of $1.62. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 370.0%. Diageo’s payout ratio is currently 46.42%.

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.