Clark Estates Inc. NY Invests $10.87 Million in Diageo plc (NYSE:DEO)

Clark Estates Inc. NY bought a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,500 shares of the company's stock, valued at approximately $10,870,000. Diageo comprises about 2.1% of Clark Estates Inc. NY's portfolio, making the stock its 11th largest holding.

Other hedge funds have also modified their holdings of the company. Citigroup Inc. grew its position in shares of Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company's stock worth $22,234,000 after acquiring an additional 6,617 shares during the last quarter. Canoe Financial LP grew its position in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock worth $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC grew its position in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Finally, Maia Wealth LLC grew its position in shares of Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after acquiring an additional 2,593 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

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Diageo Price Performance

Diageo stock traded down $1.38 during midday trading on Friday, reaching $112.81. The company's stock had a trading volume of 1,381,780 shares, compared to its average volume of 1,096,320. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $151.76. 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's 50 day simple moving average is $115.90 and its 200 day simple moving average is $124.40. The firm has a market capitalization of $62.75 billion, a PE ratio of 16.47, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's dividend payout ratio (DPR) is currently 46.42%.

Analyst Ratings Changes

Several brokerages recently weighed in on DEO. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. One research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $129.00.

About Diageo

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.