Huntington National Bank Sells 2,536 Shares of Diageo plc (NYSE:DEO)

Huntington National Bank cut its position in Diageo plc (NYSE:DEO - Free Report) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,275 shares of the company's stock after selling 2,536 shares during the quarter. Huntington National Bank's holdings in Diageo were worth $925,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canoe Financial LP grew its position in shares of Diageo by 88,407.3% in 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 period. Charles Schwab Investment Management Inc. increased its position in Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after buying an additional 3,964 shares during the last quarter. Maia Wealth LLC raised its stake in Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after buying an additional 2,593 shares during the period. Aviso Financial Inc. boosted its stake in shares of Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after acquiring an additional 7,954 shares during the period. Finally, Tevis Investment Management raised its stake in Diageo by 159.7% in the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after acquiring an additional 8,528 shares during the period. 8.97% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

DEO has been the topic of several research analyst reports. TD Cowen increased their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, Berenberg Bank assumed coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $129.00.

Diageo Price Performance

Shares of NYSE:DEO traded up $5.66 during trading on Wednesday, reaching $107.36. 2,023,955 shares of the company traded hands, compared to its average volume of 925,420. The firm has a market capitalization of $59.72 billion, a PE ratio of 15.67, a PEG ratio of 2.39 and a beta of 0.63. Diageo plc has a 52 week low of $100.72 and a 52 week high of $144.27. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company's 50 day moving average is $108.30 and its two-hundred day moving average is $120.01.

Diageo Announces Dividend

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 paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo's payout ratio is 46.42%.

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.