Flputnam Investment Management Co. Sells 252 Shares of Diageo plc (NYSE:DEO)

Flputnam Investment Management Co. lessened its stake in shares of Diageo plc (NYSE:DEO) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,245 shares of the company’s stock after selling 252 shares during the period. Flputnam Investment Management Co.’s holdings in Diageo were worth $285,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DEO. Alliance Wealth Advisors LLC UT increased its position in shares of Diageo by 2.6% during 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 grew its stake in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after buying an additional 88 shares in the last quarter. Diversified Trust Co increased its holdings in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the last quarter. Malaga Cove Capital LLC raised its position in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after acquiring an additional 100 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after acquiring an additional 102 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Diageo Stock Up 0.3 %

DEO opened at $109.10 on Tuesday. The stock has a fifty day moving average of $117.06 and a 200-day moving average of $124.80. The company has a market capitalization of $60.69 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $151.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a 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 Company 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.