Ingalls & Snyder LLC Decreases Stock Position in Diageo plc (NYSE:DEO)

Ingalls & Snyder LLC trimmed its holdings in Diageo plc (NYSE:DEO) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,678 shares of the company’s stock after selling 100 shares during the period. Ingalls & Snyder LLC’s holdings in Diageo were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter valued at approximately $25,000. Eastern Bank increased its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Diageo in the fourth quarter valued at $35,000. Concord Wealth Partners purchased a new stake in Diageo during the 3rd quarter worth about $38,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth about $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Up 2.8 %

Shares of DEO stock opened at $109.41 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $105.72 and a one year high of $154.71. The company has a 50 day moving average price of $121.67 and a 200 day moving average price of $126.28.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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%.

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.