Independence Bank of Kentucky Buys 230 Shares of Diageo plc (NYSE:DEO)

Independence Bank of Kentucky raised its stake in Diageo plc (NYSE:DEOFree Report) by 20.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,334 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Independence Bank of Kentucky’s holdings in Diageo were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in shares of Diageo by 13.2% in the fourth quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock worth $663,848,000 after acquiring an additional 433,105 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Diageo by 0.4% in the third quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock worth $355,661,000 after acquiring an additional 10,269 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Diageo by 98,968.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock worth $360,651,000 after acquiring an additional 2,021,926 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diageo by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock worth $390,924,000 after acquiring an additional 12,035 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Diageo by 2.4% in the third quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock worth $177,156,000 after acquiring an additional 27,851 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.0 %

Shares of NYSE DEO opened at $147.62 on Thursday. The company has a 50 day simple moving average of $148.22 and a 200 day simple moving average of $147.45. Diageo plc has a 1 year low of $135.63 and a 1 year high of $190.02. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.62 per share. The ex-dividend date is Thursday, February 29th. This represents a yield of 2.7%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3,778.00.

Get Our Latest Analysis on Diageo

Diageo Profile

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cacha├ža, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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