Bradyco Inc. Takes $1.49 Million Position in Diageo plc (NYSE:DEO)

Bradyco Inc. bought a new stake in Diageo plc (NYSE:DEO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,602 shares of the company's stock, valued at approximately $1,488,000. Diageo accounts for approximately 1.0% of Bradyco Inc.'s holdings, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT boosted its stake in shares of Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock valued at $430,000 after purchasing an additional 86 shares in the last quarter. Savant Capital LLC increased its holdings in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after purchasing an additional 88 shares in the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock worth $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock valued at $163,000 after buying an additional 102 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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 research report on Monday, March 3rd. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Down 1.6 %

DEO traded down $1.75 during trading on Tuesday, hitting $110.44. The company had a trading volume of 989,157 shares, compared to its average volume of 840,837. The company has a market capitalization of $61.43 billion, a PE ratio of 16.12, a PEG ratio of 2.39 and a beta of 0.65. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $105.72 and a one year high of $151.76. The firm's 50-day moving average price is $115.61 and its 200 day moving average price is $124.18.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid 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 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.