Cobblestone Capital Advisors LLC NY Lowers Stake in Diageo plc (NYSE:DEO)

Cobblestone Capital Advisors LLC NY decreased its stake in Diageo plc (NYSE:DEO) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,040 shares of the company’s stock after selling 10,973 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Diageo were worth $14,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DEO. Allspring Global Investments Holdings LLC lifted its stake in shares of Diageo by 38.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the company’s stock worth $326,000 after acquiring an additional 643 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in Diageo in the third quarter worth $200,000. Mutual Advisors LLC boosted its holdings in Diageo by 6.3% in the third quarter. Mutual Advisors LLC now owns 12,326 shares of the company’s stock worth $1,657,000 after purchasing an additional 733 shares during the period. Golden State Equity Partners boosted its holdings in Diageo by 6.2% in the third quarter. Golden State Equity Partners now owns 2,016 shares of the company’s stock worth $283,000 after purchasing an additional 117 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of Diageo by 14.2% during the third quarter. First Trust Direct Indexing L.P. now owns 5,902 shares of the company’s stock valued at $828,000 after acquiring an additional 734 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Diageo Price Performance

NYSE DEO opened at $108.83 on Friday. The company has a market cap of $60.54 billion, a PE ratio of 15.89, a PEG ratio of 2.39 and a beta of 0.66. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock’s 50-day moving average price is $117.39 and its two-hundred day moving average price is $125.00.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. 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 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.