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

Rockefeller Capital Management L.P. trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 64.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,292 shares of the company’s stock after selling 32,863 shares during the period. Rockefeller Capital Management L.P.’s holdings in Diageo were worth $2,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Alliance Wealth Advisors LLC UT raised its position in Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC increased its position in Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the period. Diversified Trust Co raised its holdings in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Diageo by 8.6% during the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Diageo by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after purchasing an additional 103 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 1.1 %

Shares of NYSE DEO opened at $109.39 on Friday. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock has a market cap of $60.85 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.39 and a beta of 0.63. The firm has a 50 day moving average price of $107.87 and a 200 day moving average price of $118.57.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio is currently 46.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DEO. Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $129.00.

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.