Diageo plc (NYSE:DEO) Holdings Reduced by First American Bank

First American Bank trimmed its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,057 shares of the company's stock after selling 4,769 shares during the quarter. First American Bank's holdings in Diageo were worth $1,406,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Canoe Financial LP boosted its stake in Diageo by 88,407.3% during the 4th 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 raised its stake in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock valued at $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Diageo by 13.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock worth $176,042,000 after purchasing an additional 147,920 shares in the last quarter. Confluence Investment Management LLC grew its stake in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock worth $170,623,000 after purchasing an additional 284,046 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Diageo by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock valued at $156,759,000 after buying an additional 229,946 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DEO. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday. Finally, TD Cowen raised their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $129.00.

Diageo Stock Performance

Shares of NYSE DEO traded up $1.35 during mid-day trading on Monday, hitting $110.17. The company had a trading volume of 282,673 shares, compared to its average volume of 1,069,424. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The stock has a market cap of $61.29 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.39 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm's 50 day simple moving average is $117.39 and its two-hundred day simple moving average is $124.95.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is 46.42%.

Diageo Company 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.