Diageo plc (NYSE:DEO) Stock Holdings Decreased by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,750 shares of the company's stock after selling 27,550 shares during the period. Gabelli Funds LLC owned 0.10% of Diageo worth $69,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new position in shares of Diageo during the fourth quarter worth approximately $25,000. Eastern Bank raised its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new position in Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new position in shares of Diageo in the fourth quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo during the fourth quarter valued at $47,000. Institutional investors own 8.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DEO. Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Diageo has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Price Performance

NYSE DEO traded up $1.19 on Friday, reaching $109.39. The company's stock had a trading volume of 1,291,703 shares, compared to its average volume of 926,769. The firm's 50 day moving average is $107.87 and its two-hundred day moving average is $118.57. The stock has a market cap of $60.85 billion, a PE ratio of 15.97, a PEG ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27.

Diageo Dividend Announcement

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

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.