Aviso Financial Inc. Raises Holdings in Diageo plc (NYSE:DEO)

Aviso Financial Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,637 shares of the company's stock after acquiring an additional 7,954 shares during the period. Diageo accounts for approximately 1.6% of Aviso Financial Inc.'s investment portfolio, making the stock its 21st biggest holding. Aviso Financial Inc.'s holdings in Diageo were worth $30,846,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DEO. Assetmark Inc. grew its position in shares of Diageo by 160.7% in the 3rd quarter. Assetmark Inc. now owns 14,235 shares of the company's stock valued at $1,998,000 after buying an additional 8,775 shares during the last quarter. Sigma Planning Corp boosted its stake in Diageo by 14.5% in the third quarter. Sigma Planning Corp now owns 5,965 shares of the company's stock valued at $837,000 after acquiring an additional 754 shares in the last quarter. Cable Hill Partners LLC grew its holdings in shares of Diageo by 17.7% during the third quarter. Cable Hill Partners LLC now owns 3,111 shares of the company's stock worth $444,000 after purchasing an additional 467 shares during the last quarter. Zions Bancorporation N.A. increased its position in shares of Diageo by 17,372.5% during the third quarter. Zions Bancorporation N.A. now owns 36,867 shares of the company's stock worth $5,174,000 after purchasing an additional 36,656 shares in the last quarter. Finally, Schulhoff & Co. Inc. acquired a new stake in shares of Diageo in the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

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Diageo Stock Performance

Shares of Diageo stock traded down $1.01 during trading hours on Tuesday, hitting $108.28. 818,379 shares of the company were exchanged, compared to its average volume of 847,583. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The business has a 50-day moving average of $113.93 and a 200-day moving average of $123.28. Diageo plc has a 1 year low of $105.72 and a 1 year high of $149.44. The stock has a market capitalization of $60.24 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The company also recently announced 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 is Friday, February 28th. Diageo's dividend payout ratio (DPR) is presently 46.42%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. TD Cowen raised their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo 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.