Diageo plc (DEO) Holdings Cut by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in shares of Diageo plc (NYSE:DEO) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,492 shares of the company’s stock after selling 17,567 shares during the period. Massachusetts Financial Services Co. MA owned 0.11% of Diageo worth $93,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DEO. Centerpoint Advisors LLC purchased a new position in shares of Diageo in the fourth quarter worth about $26,000. Acima Private Wealth LLC purchased a new position in shares of Diageo in the fourth quarter worth about $29,000. Capital Investment Advisory Services LLC purchased a new position in shares of Diageo in the fourth quarter worth about $31,000. Ledyard National Bank raised its stake in Diageo by 62.9% during the fourth quarter. Ledyard National Bank now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 110 shares during the period. Finally, Financial Gravity Companies Inc. purchased a new position in Diageo during the fourth quarter worth about $47,000. 11.33% of the stock is currently owned by institutional investors and hedge funds.

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DEO has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Sanford C. Bernstein downgraded shares of Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. Macquarie reaffirmed a “buy” rating on shares of Diageo in a research note on Sunday, December 16th. Finally, Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $164.75.

Shares of DEO opened at $154.78 on Friday. Diageo plc has a 1-year low of $131.22 and a 1-year high of $158.20. The stock has a market cap of $96.16 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 2.74 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st will be given a dividend of $1.3688 per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s dividend payout ratio is presently 65.83%.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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