Diageo plc (NYSE:DEO) Shares Sold by First American Bank

First American Bank decreased its stake in shares of Diageo plc (NYSE:DEO) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,057 shares of the company’s stock after selling 4,769 shares during the period. First American Bank’s holdings in Diageo were worth $1,406,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of Diageo during the 3rd quarter worth $25,000. Eastern Bank grew its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in Diageo during the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new position in shares of Diageo in the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 1.8 %

DEO opened at $108.53 on Friday. The firm’s 50 day moving average is $117.72 and its 200-day moving average is $125.11. Diageo plc has a 52-week low of $105.72 and a 52-week high of $153.36. 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 firm has a market capitalization of $60.38 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.39 and a beta of 0.66.

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 issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio is currently 46.42%.

Analyst Upgrades and Downgrades

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

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.