Kestra Private Wealth Services LLC Sells 2,953 Shares of Diageo plc (NYSE:DEO)

Kestra Private Wealth Services LLC cut its holdings in Diageo plc (NYSE:DEO) by 36.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,235 shares of the company’s stock after selling 2,953 shares during the period. Kestra Private Wealth Services LLC’s holdings in Diageo were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DEO. Brooklyn Investment Group bought a new position in shares of Diageo in the 3rd quarter valued at about $25,000. Eastern Bank increased its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo during the 4th quarter worth approximately $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo in the 3rd quarter valued at approximately $38,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at $47,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen upped their price target 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. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

NYSE DEO opened at $107.45 on Friday. The stock has a market cap of $59.77 billion, a PE ratio of 15.69, a P/E/G ratio of 2.44 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The firm has a 50-day moving average of $121.39 and a 200-day moving average of $126.16. Diageo plc has a 52-week low of $105.72 and a 52-week high of $154.71.

Diageo Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is currently 73.28%.

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.