Banco de Sabadell S.A Sells 117 Shares of Diageo plc (NYSE:DEO)

Banco de Sabadell S.A cut its stake in shares of Diageo plc (NYSE:DEO) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,054 shares of the company’s stock after selling 117 shares during the quarter. Banco de Sabadell S.A’s holdings in Diageo were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DEO. Brooklyn Investment Group bought a new stake in shares of Diageo during the third 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 acquiring an additional 125 shares in the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new position in Diageo in the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo in the fourth quarter valued at about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DEO has been the topic of several research reports. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

Shares of DEO stock opened at $107.09 on Friday. The stock has a market capitalization of $59.57 billion, a PE ratio of 15.63, a PEG ratio of 2.39 and a beta of 0.65. The business’s 50 day simple moving average is $112.65 and its 200 day simple moving average is $122.68. 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 one year low of $105.23 and a one year high of $149.44.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid 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%.

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.