3,347 Shares in Diageo plc (NYSE:DEO) Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,347 shares of the company's stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canoe Financial LP increased its stake in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Diageo in the fourth quarter valued at approximately $123,892,000. Natixis Advisors LLC raised its stake in shares of Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock worth $133,240,000 after buying an additional 487,904 shares during the period. FMR LLC lifted its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Diageo in the 4th quarter valued at $37,777,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Ratings Changes

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

Remove Ads

Diageo Trading Down 0.5 %

DEO stock traded down $0.57 during trading on Thursday, reaching $107.85. 1,363,755 shares of the stock were exchanged, compared to its average volume of 843,778. 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 firm has a market capitalization of $60.00 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.39 and a beta of 0.65. The business has a 50 day moving average price of $114.90 and a 200-day moving average price of $123.90. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76.

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. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is presently 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.