Madison Investment Advisors LLC Buys Shares of 8,038 Diageo plc (NYSE:DEO)

Madison Investment Advisors LLC bought a new position in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,038 shares of the company's stock, valued at approximately $1,022,000.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Diageo during the 3rd quarter valued at approximately $25,000. Eastern Bank lifted its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in Diageo during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the 4th quarter valued at approximately $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Down 1.6 %

Shares of DEO stock traded down $1.73 on Wednesday, hitting $106.40. 1,990,419 shares of the stock traded hands, compared to its average volume of 853,540. The firm's 50-day moving average price is $113.60 and its two-hundred day moving average price is $123.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock has a market capitalization of $59.19 billion, a PE ratio of 15.53, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a twelve month low of $105.31 and a twelve month high of $149.44.

Remove Ads

Diageo Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's payout ratio is 46.42%.

Analysts Set New Price Targets

DEO has been the subject of several research reports. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.