OneDigital Investment Advisors LLC Cuts Holdings in Diageo plc (NYSE:DEO)

OneDigital Investment Advisors LLC decreased its position in Diageo plc (NYSE:DEO) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,349 shares of the company’s stock after selling 786 shares during the period. OneDigital Investment Advisors LLC’s holdings in Diageo were worth $3,223,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DEO. Canoe Financial LP increased its position in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. FMR LLC increased its position in shares of Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock valued at $739,126,000 after purchasing an additional 571,873 shares during the last quarter. Bank of Montreal Can increased its position in shares of Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock valued at $178,745,000 after purchasing an additional 1,296,285 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after purchasing an additional 103,540 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Diageo by 14.2% in the 4th quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company’s stock worth $143,917,000 after buying an additional 140,587 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $112.42 on Wednesday. The firm has a market cap of $62.54 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average is $108.00 and its 200-day moving average is $118.20. Diageo plc has a 12-month low of $100.72 and a 12-month high of $144.27.

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. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is 46.42%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average target price of $129.00.

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.