Diageo plc (NYSE:DEO) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA cut its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,635 shares of the company's stock after selling 8,062 shares during the quarter. Roffman Miller Associates Inc. PA's holdings in Diageo were worth $14,065,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock valued at $133,240,000 after buying an additional 487,904 shares during the period. FMR LLC boosted its stake in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after buying an additional 437,646 shares during the last quarter. ABC Arbitrage SA purchased a new position in Diageo during the fourth quarter valued at approximately $37,777,000. Finally, Confluence Investment Management LLC lifted its holdings in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock valued at $170,623,000 after acquiring an additional 284,046 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 0.2 %

DEO stock traded down $0.20 during midday trading on Tuesday, hitting $110.07. 640,565 shares of the company's stock were exchanged, compared to its average volume of 1,096,525. Diageo plc has a 1-year low of $105.72 and a 1-year 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 has a market capitalization of $61.23 billion, a PE ratio of 16.07, a P/E/G ratio of 2.39 and a beta of 0.66. The business has a 50-day simple moving average of $118.76 and a two-hundred day simple moving average of $125.43.

Diageo Announces Dividend

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

Analyst Ratings Changes

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

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.