OLD National Bancorp IN Makes New Investment in Diageo plc (NYSE:DEO)

OLD National Bancorp IN bought a new position in shares of Diageo plc (NYSE:DEO) in the fourth quarter, Holdings Channel reports. The firm bought 1,691 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in Diageo during the 3rd quarter worth $27,000. Planned Solutions Inc. acquired a new position in Diageo in the 4th quarter worth $27,000. MCF Advisors LLC acquired a new position in Diageo in the 3rd quarter worth $30,000. Criterion Capital Advisors LLC acquired a new position in Diageo in the 4th quarter worth $36,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Diageo during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DEO. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3,797.50.

Diageo Trading Down 1.5 %

Shares of NYSE DEO opened at $138.31 on Friday. Diageo plc has a twelve month low of $135.63 and a twelve month high of $189.54. The firm has a fifty day simple moving average of $146.45 and a 200 day simple moving average of $146.22. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

Diageo Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were issued a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.