Diageo plc (NYSE:DEO) Stock Holdings Lifted by Truist Financial Corp

Truist Financial Corp lifted its position in Diageo plc (NYSE:DEO) by 32.8% in the 4th quarter, Holdings Channel reports. The fund owned 153,215 shares of the company’s stock after buying an additional 37,842 shares during the period. Truist Financial Corp’s holdings in Diageo were worth $22,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Compagnie Lombard Odier SCmA purchased a new stake in shares of Diageo in the third quarter valued at $27,000. Planned Solutions Inc. purchased a new stake in Diageo in the 4th quarter worth approximately $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $36,000. First Command Advisory Services Inc. purchased a new position in shares of Diageo during the 3rd quarter valued at $48,000. Finally, Carmel Capital Partners LLC acquired a new position in shares of Diageo in the third quarter worth $49,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DEO. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Performance

Diageo stock opened at $139.30 on Tuesday. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $188.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The company’s 50 day simple moving average is $146.14 and its 200 day simple moving average is $145.94.

Diageo Cuts Dividend

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

Diageo Profile

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.