4,075 Shares in Diageo plc (NYSE:DEO) Acquired by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV bought a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 4,075 shares of the company's stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEO. Trexquant Investment LP boosted its position in shares of Diageo by 30.9% during the 4th quarter. Trexquant Investment LP now owns 20,601 shares of the company's stock valued at $2,619,000 after purchasing an additional 4,867 shares in the last quarter. Centric Wealth Management bought a new position in shares of Diageo in the 4th quarter worth $1,423,000. Headlands Technologies LLC acquired a new stake in Diageo in the 4th quarter valued at $112,000. OLD Mission Capital LLC increased its stake in Diageo by 5,531.2% during the 4th quarter. OLD Mission Capital LLC now owns 135,149 shares of the company's stock valued at $17,181,000 after purchasing an additional 132,749 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings in Diageo by 16.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,901 shares of the company's stock worth $496,000 after buying an additional 564 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has an average rating of "Hold" and an average target price of $129.00.

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Diageo Price Performance

Diageo stock traded up $1.56 during mid-day trading on Thursday, hitting $108.04. 2,560,738 shares of the company traded hands, compared to its average volume of 898,151. 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 plc has a one year low of $103.70 and a one year high of $148.38. The stock has a market cap of $60.10 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The stock has a fifty day moving average price of $110.53 and a 200-day moving average price of $121.26.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. 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 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.