HM Payson & Co. Sells 6,181 Shares of Diageo plc (NYSE:DEO)

HM Payson & Co. reduced its stake in Diageo plc (NYSE:DEO - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,841 shares of the company's stock after selling 6,181 shares during the quarter. HM Payson & Co.'s holdings in Diageo were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Canoe Financial LP raised its stake 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 purchasing an additional 8,104,301 shares during the period. FMR LLC grew its holdings in shares of Diageo by 9.1% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock valued at $176,042,000 after buying an additional 147,920 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Diageo by 30.5% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock worth $156,759,000 after acquiring an additional 229,946 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Shares of DEO stock opened at $112.81 on Friday. The company has a fifty day moving average price of $115.90 and a two-hundred day moving average price of $124.40. Diageo plc has a one year low of $105.72 and a one year high of $151.76. The stock has a market cap of $62.75 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DEO. 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. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $129.00.

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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.

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