JLB & Associates Inc. Sells 5,138 Shares of Diageo plc (NYSE:DEO)

JLB & Associates Inc. cut its position in Diageo plc (NYSE:DEO) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,965 shares of the company’s stock after selling 5,138 shares during the period. JLB & Associates Inc.’s holdings in Diageo were worth $2,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Diageo during the third quarter worth approximately $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at $35,000. Kestra Investment Management LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $36,000. Finally, Concord Wealth Partners bought a new stake in shares of Diageo during the third quarter worth about $38,000. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DEO has been the topic of several recent research reports. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 1.4 %

Diageo stock opened at $107.94 on Friday. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The firm’s 50-day simple moving average is $119.59 and its 200 day simple moving average is $125.53.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%.

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.