Rockefeller Capital Management L.P. Sells 32,863 Shares of Diageo plc (NYSE:DEO)

Rockefeller Capital Management L.P. decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,292 shares of the company's stock after selling 32,863 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Diageo were worth $2,345,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the fourth quarter worth $25,000. Eastern Bank boosted its holdings in shares of Diageo by 107.8% during the 4th 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 bought a new position in shares of Diageo during the 4th quarter valued at about $35,000. Kestra Investment Management LLC purchased a new position in shares of Diageo during the fourth quarter valued at about $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo in the fourth quarter worth about $47,000. Institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DEO shares. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. TD Cowen increased 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. 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Trading Down 0.9 %

Shares of Diageo stock traded down $1.03 on Friday, reaching $110.60. The company had a trading volume of 394,167 shares, compared to its average volume of 1,171,469. The firm has a market cap of $61.53 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm's 50-day moving average price is $108.16 and its two-hundred day moving average price is $117.98. Diageo plc has a 1 year low of $100.72 and a 1 year high of $144.27.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Friday, February 28th were paid a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date was Friday, February 28th. Diageo's payout ratio is 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.