Dorsey & Whitney Trust CO LLC Lowers Holdings in Diageo plc (NYSE:DEO)

Dorsey & Whitney Trust CO LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,066 shares of the company’s stock after selling 1,701 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Diageo were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Diageo during the third quarter valued at approximately $25,000. Eastern Bank raised its position in shares of Diageo by 107.8% during 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 last quarter. Modus Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $47,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research 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, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $129.00.

Diageo Trading Down 1.2 %

NYSE DEO opened at $112.81 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The company’s 50-day moving average price is $115.90 and its 200-day moving average price is $124.32. The stock has a market cap of $62.75 billion, a PE ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The firm also recently announced 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 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.