Haverford Trust Co Decreases Stake in Diageo plc (NYSE:DEO)

Haverford Trust Co lessened its position in shares of Diageo plc (NYSE:DEO) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,975 shares of the company’s stock after selling 1,130 shares during the quarter. Haverford Trust Co’s holdings in Diageo were worth $1,014,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Diageo in the third quarter worth $25,000. Eastern Bank lifted 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 purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Diageo in the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo in the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter valued at about $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.7 %

Shares of NYSE DEO opened at $106.32 on Tuesday. The business’s 50 day moving average price is $112.45 and its 200-day moving average price is $122.48. Diageo plc has a fifty-two week low of $105.23 and a fifty-two week high of $149.44. 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 company has a market cap of $59.15 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

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 given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Analyst Ratings Changes

DEO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. TD Cowen boosted 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. Jefferies Financial Group upgraded 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 research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $129.00.

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.