Rep. Josh Gottheimer Sells Off Diageo plc (NYSE:DEO) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Diageo plc NYSE: DEO. In a filing disclosed on April 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Diageo stock on March 19th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Spotify Technology NYSE: SPOT on 3/24/2025.
• Sold $1,001 - $15,000 in shares of Flywire NASDAQ: FLYW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Shopify NYSE: SHOP on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 3/19/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 3/19/2025.
• Sold $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 3/19/2025.

Diageo Price Performance

DEO stock traded up $1.19 on Friday, hitting $109.39. 1,291,703 shares of the company's stock traded hands, compared to its average volume of 925,834. The stock has a fifty day moving average of $107.87 and a 200-day moving average of $118.71. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.39 and a beta of 0.63. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend yield of 3.8%. Diageo's dividend payout ratio (DPR) is 46.42%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $129.00.

Hedge Funds Weigh In On Diageo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC raised its holdings in Diageo by 12.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 5,029 shares of the company's stock valued at $527,000 after buying an additional 544 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in Diageo by 21.1% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 55,348 shares of the company's stock valued at $5,800,000 after purchasing an additional 9,659 shares during the period. Inscription Capital LLC bought a new stake in shares of Diageo during the first quarter worth about $179,000. Grove Bank & Trust raised its position in Diageo by 1.3% in the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company's stock valued at $792,000 after buying an additional 98 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Diageo by 7.1% during the first quarter. QRG Capital Management Inc. now owns 11,597 shares of the company's stock valued at $1,215,000 after purchasing an additional 767 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.