Diageo plc (NYSE:DEO) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC lessened its position in shares of Diageo plc (NYSE:DEO - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,553 shares of the company's stock after selling 7,631 shares during the period. Boston Financial Mangement LLC's holdings in Diageo were worth $4,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter valued at about $25,000. Eastern Bank raised its holdings in Diageo by 107.8% in 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 period. Modus Advisors LLC purchased a new position in Diageo in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new position in Diageo during the fourth quarter valued at approximately $36,000. Finally, Concord Wealth Partners purchased a new stake in Diageo during the third quarter worth approximately $38,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Performance

Shares of NYSE DEO traded up $2.56 during trading on Friday, reaching $110.54. 867,769 shares of the stock were exchanged, compared to its average volume of 1,119,252. The business's 50-day moving average price is $119.59 and its 200 day moving average price is $125.53. 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 twelve month low of $105.72 and a twelve month high of $154.71.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%.

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.