Sandy Spring Bank reduced its holdings in shares of Diageo plc (NYSE:DEO) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 54,428 shares of the company’s stock after selling 1,082 shares during the quarter. Sandy Spring Bank’s holdings in Diageo were worth $9,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DEO. Global Retirement Partners LLC lifted its holdings in Diageo by 13.5% during the 4th quarter. Global Retirement Partners LLC now owns 545 shares of the company’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. CAPROCK Group Inc. lifted its holdings in Diageo by 2.5% during the 3rd quarter. CAPROCK Group Inc. now owns 2,845 shares of the company’s stock worth $471,000 after purchasing an additional 69 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in Diageo by 2.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,513 shares of the company’s stock worth $574,000 after purchasing an additional 70 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Diageo by 4.6% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,585 shares of the company’s stock worth $268,000 after purchasing an additional 70 shares during the last quarter. Finally, Norway Savings Bank lifted its holdings in Diageo by 36.5% during the 3rd quarter. Norway Savings Bank now owns 273 shares of the company’s stock worth $45,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 9.08% of the company’s stock.

Several analysts recently weighed in on the company. ValuEngine raised Diageo from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. cut Diageo from a “neutral” rating to an “underweight” rating in a report on Tuesday, January 28th. Jefferies Financial Group cut Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Royal Bank of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, Argus cut Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $173.00.

NYSE DEO traded up $0.42 during midday trading on Friday, hitting $160.88. The company had a trading volume of 24,261 shares, compared to its average volume of 372,679. The company has a market capitalization of $105.50 billion, a PE ratio of 23.83, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $166.29 and a 200-day moving average price of $164.46. Diageo plc has a twelve month low of $153.97 and a twelve month high of $176.22.

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Friday, February 28th will be issued a $1.4355 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 2.2%. Diageo’s dividend payout ratio is presently 61.63%.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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