Diageo plc (NYSE:DEO) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lessened its holdings in Diageo plc (NYSE:DEO - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,330 shares of the company's stock after selling 3,616 shares during the quarter. IHT Wealth Management LLC's holdings in Diageo were worth $551,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Canoe Financial LP lifted its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. FMR LLC lifted its holdings in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after acquiring an additional 571,873 shares during the last quarter. Bank of Montreal Can lifted its stake in Diageo by 1,181.5% during the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after purchasing an additional 1,296,285 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Diageo by 9.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock valued at $155,167,000 after purchasing an additional 103,540 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Diageo by 14.2% during the fourth quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company's stock worth $143,917,000 after acquiring an additional 140,587 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 0.9 %

NYSE DEO traded down $1.02 on Thursday, reaching $111.00. The company had a trading volume of 224,793 shares, compared to its average volume of 925,457. The firm has a market capitalization of $61.75 billion, a PE ratio of 16.23, a P/E/G ratio of 2.39 and a beta of 0.63. The firm has a 50-day moving average of $108.40 and a 200-day moving average of $117.34. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 1 year low of $100.72 and a 1 year high of $144.27.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, February 28th were paid a $1.62 dividend. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.

Analysts Set New Price Targets

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 report on Wednesday, January 8th. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $129.00.

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.