Brandes Investment Partners LP bought a new stake in shares of Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,351 shares of the company's stock, valued at approximately $553,000.
A number of other institutional investors and hedge funds have also made changes to their positions in DEO. CIBC Asset Management Inc boosted its position in shares of Diageo by 106.2% in the 3rd quarter. CIBC Asset Management Inc now owns 31,643 shares of the company's stock worth $4,441,000 after purchasing an additional 16,300 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Diageo by 14.5% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,067 shares of the company's stock worth $290,000 after acquiring an additional 261 shares in the last quarter. Euro Pacific Asset Management LLC grew its stake in shares of Diageo by 5.4% during the third quarter. Euro Pacific Asset Management LLC now owns 8,803 shares of the company's stock worth $1,233,000 after acquiring an additional 454 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Diageo by 105.7% during the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock valued at $133,240,000 after acquiring an additional 487,904 shares in the last quarter. Finally, BCGM Wealth Management LLC raised its position in shares of Diageo by 80.3% in the 3rd quarter. BCGM Wealth Management LLC now owns 11,368 shares of the company's stock valued at $1,595,000 after purchasing an additional 5,063 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.
Diageo Stock Performance
Shares of DEO stock traded up $1.56 on Thursday, hitting $108.00. The company had a trading volume of 844,945 shares, compared to its average volume of 1,114,582. The company has a 50-day moving average price of $113.22 and a 200-day moving average price of $123.00. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The firm has a market cap of $60.08 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a twelve month low of $105.22 and a twelve month high of $149.44.
Diageo Dividend Announcement
The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio is presently 46.42%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on DEO shares. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $129.00.
Check Out Our Latest Report on DEO
About Diageo
(
Free Report)
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.
Featured Stories
Before you consider Diageo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.
While Diageo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
