Atlantic Union Bankshares Corp Sells 6,853 Shares of Diageo plc (NYSE:DEO)

Atlantic Union Bankshares Corp decreased its holdings in Diageo plc (NYSE:DEO) by 67.7% during the 4th quarter, HoldingsChannel reports. The firm owned 3,265 shares of the company’s stock after selling 6,853 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Diageo were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DEO. Brooklyn Investment Group bought a new position in shares of Diageo in the 3rd quarter valued at $25,000. Eastern Bank grew its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new stake in Diageo during the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo during the 4th quarter worth $47,000. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DEO. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Down 1.2 %

Shares of DEO opened at $112.81 on Friday. The company has a market capitalization of $62.75 billion, a PE ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The stock’s 50-day moving average price is $115.90 and its two-hundred day moving average price is $124.37. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The firm 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 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.