Allworth Financial LP Sells 103 Shares of Diageo plc (NYSE:DEO)

Allworth Financial LP trimmed its position in Diageo plc (NYSE:DEO) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,324 shares of the company’s stock after selling 103 shares during the period. Allworth Financial LP’s holdings in Diageo were worth $156,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter valued at $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $35,000. Concord Wealth Partners acquired a new position in shares of Diageo in the 3rd quarter valued at $38,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $47,000. 8.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DEO shares. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Shares of Diageo stock opened at $110.54 on Friday. The company has a market capitalization of $61.49 billion, a PE ratio of 16.14, a PEG ratio of 2.39 and a beta of 0.66. Diageo plc has a 12 month low of $105.72 and a 12 month high of $154.71. 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 fifty day simple moving average is $119.17 and its 200 day simple moving average is $125.49.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s payout ratio is presently 73.28%.

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.