Diageo plc (NYSE:DEO) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. trimmed its stake in shares of Diageo plc (NYSE:DEO) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,030 shares of the company’s stock after selling 497 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Diageo were worth $1,402,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DEO. Brooklyn Investment Group acquired a new position in Diageo in the 3rd quarter valued at $25,000. CoreFirst Bank & Trust purchased a new stake in shares of Diageo during the fourth quarter worth $25,000. Eastern Bank raised its position 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 during the last quarter. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter worth about $35,000. Finally, Kestra Investment Management LLC purchased a new stake in Diageo during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.7 %

Shares of Diageo stock opened at $105.94 on Thursday. Diageo plc has a fifty-two week low of $104.80 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 firm has a market capitalization of $58.93 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.39 and a beta of 0.65. The stock has a 50 day moving average of $112.06 and a 200 day moving average of $122.22.

Diageo Announces Dividend

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

Analyst Ratings Changes

DEO has been the topic of a number of research reports. TD Cowen raised their target price on shares of 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 Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.