Diageo plc (NYSE:DEO) Shares Bought by Cullen Capital Management LLC

Cullen Capital Management LLC increased its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 720,763 shares of the company's stock after buying an additional 119,424 shares during the period. Cullen Capital Management LLC owned about 0.13% of Diageo worth $91,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Thrivent Financial for Lutherans acquired a new position in shares of Diageo during the 3rd quarter worth about $261,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Diageo by 84.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company's stock valued at $4,737,000 after acquiring an additional 15,487 shares during the last quarter. Hilltop Holdings Inc. lifted its position in shares of Diageo by 87.7% in the third quarter. Hilltop Holdings Inc. now owns 3,234 shares of the company's stock valued at $454,000 after acquiring an additional 1,511 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Diageo by 16.4% in the third quarter. HighTower Advisors LLC now owns 120,686 shares of the company's stock worth $16,947,000 after acquiring an additional 16,999 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Diageo by 100.7% during the third quarter. IHT Wealth Management LLC now owns 7,946 shares of the company's stock worth $1,114,000 after purchasing an additional 3,986 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

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Diageo Trading Down 1.7 %

Shares of NYSE DEO traded down $1.83 during midday trading on Thursday, reaching $105.74. 1,064,320 shares of the stock were exchanged, compared to its average volume of 1,191,287. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. 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 has a market capitalization of $58.82 billion, a P/E ratio of 15.44, a PEG ratio of 2.39 and a beta of 0.63. The company has a 50 day simple moving average of $108.30 and a 200 day simple moving average of $120.01.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. 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 presently 46.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DEO shares. Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating for the company. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.