Rodgers Brothers Inc. decreased its position in Diageo plc (NYSE:DEO) by 22.1% in the 4th quarter, HoldingsChannel reports. The fund owned 16,835 shares of the company’s stock after selling 4,775 shares during the quarter. Rodgers Brothers Inc.’s holdings in Diageo were worth $2,458,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Segment Wealth Management LLC boosted its holdings in shares of Diageo by 9.0% in the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock worth $2,567,000 after buying an additional 1,455 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Diageo in the 4th quarter worth about $3,814,000. Baird Financial Group Inc. boosted its holdings in shares of Diageo by 0.3% in the 4th quarter. Baird Financial Group Inc. now owns 353,773 shares of the company’s stock worth $51,662,000 after buying an additional 1,141 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in shares of Diageo by 92.7% in the 4th quarter. Heritage Wealth Advisors now owns 3,190 shares of the company’s stock worth $467,000 after buying an additional 1,535 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Diageo by 6.0% in the 4th quarter. M&T Bank Corp now owns 30,775 shares of the company’s stock worth $4,494,000 after buying an additional 1,732 shares during the last quarter. Hedge funds and other institutional investors own 11.87% of the company’s stock.
DEO has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Wednesday, December 27th. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the company a “buy” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Diageo presently has a consensus rating of “Hold” and a consensus target price of $153.00.
Shares of Diageo plc (NYSE:DEO) opened at $135.21 on Wednesday. Diageo plc has a fifty-two week low of $112.46 and a fifty-two week high of $147.62. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be issued a dividend of $1.4232 per share. This represents a yield of 1.96%. The ex-dividend date of this dividend is Thursday, February 22nd.
TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/14/diageo-plc-deo-stake-lessened-by-rodgers-brothers-inc.html.
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.