Transcend Capital Advisors LLC Has $668,000 Holdings in Diageo plc (NYSE:DEO)

Transcend Capital Advisors LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,251 shares of the company’s stock after selling 1,347 shares during the period. Transcend Capital Advisors LLC’s holdings in Diageo were worth $668,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Diageo during the third quarter worth approximately $25,000. Eastern Bank grew its holdings 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 in the last quarter. Modus Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in shares of Diageo during the 4th quarter worth $36,000. Finally, Concord Wealth Partners acquired a new stake in Diageo during the third quarter worth about $38,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $110.54 on Friday. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71. 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 has a market capitalization of $61.49 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.39 and a beta of 0.66. The company’s 50 day moving average price is $119.17 and its two-hundred day moving average price is $125.49.

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 issued a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is 73.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DEO. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.