Corient Private Wealth LLC Has $12.94 Million Stake in Diageo plc (NYSE:DEO)

Corient Private Wealth LLC cut its position in shares of Diageo plc (NYSE:DEO - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,749 shares of the company's stock after selling 4,992 shares during the period. Corient Private Wealth LLC's holdings in Diageo were worth $12,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Diageo during the third quarter valued at approximately $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo in the fourth quarter valued at $47,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on DEO shares. TD Cowen increased 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. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $129.00.

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Diageo Price Performance

NYSE:DEO traded down $0.91 on Friday, reaching $107.09. The stock had a trading volume of 781,489 shares, compared to its average volume of 857,266. The company has a market capitalization of $59.57 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a 1-year low of $105.23 and a 1-year high of $149.44. 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 stock has a fifty day moving average price of $112.65 and a 200-day moving average price of $122.68.

Diageo Dividend Announcement

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

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.