Atlantic Union Bankshares Corp Sells 6,853 Shares of Diageo plc (NYSE:DEO)

Atlantic Union Bankshares Corp lessened its stake in shares of Diageo plc (NYSE:DEO) by 67.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,265 shares of the company’s stock after selling 6,853 shares during the period. Atlantic Union Bankshares Corp’s holdings in Diageo were worth $415,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEO. Brooklyn Investment Group bought a new stake in Diageo in the third quarter valued at approximately $25,000. Eastern Bank raised its stake in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new stake in Diageo in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in Diageo in the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo in the fourth quarter valued at approximately $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $112.81 on Friday. The stock’s fifty day moving average price is $115.90 and its two-hundred day moving average price is $124.37. Diageo plc has a one year low of $105.72 and a one year high of $151.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a market cap of $62.75 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Wall Street Analysts Forecast Growth

DEO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Diageo 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.