3,200 Shares in Diageo plc (NYSE:DEO) Purchased by Compound Global Advisors LLC

Compound Global Advisors LLC purchased a new position in Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,200 shares of the company's stock, valued at approximately $407,000. Diageo comprises 1.7% of Compound Global Advisors LLC's investment portfolio, making the stock its 27th largest position.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. increased its position in Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company's stock worth $22,234,000 after purchasing an additional 6,617 shares during the last quarter. Canoe Financial LP increased its position in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets increased its position in Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock valued at $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC increased its position in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock valued at $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Finally, Tevis Investment Management increased its position in Diageo by 159.7% during the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after acquiring an additional 8,528 shares during the last quarter. Institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Shares of NYSE DEO traded down $1.93 during mid-day trading on Friday, reaching $107.45. The company had a trading volume of 864,158 shares, compared to its average volume of 1,119,835. The business's 50-day moving average is $121.39 and its 200-day moving average is $126.16. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $129.00.

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.