DecisionMap Wealth Management LLC Takes $475,000 Position in Diageo plc (NYSE:DEO)

DecisionMap Wealth Management LLC acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,738 shares of the company's stock, valued at approximately $475,000.

Other large investors have also added to or reduced their stakes in the company. Canoe Financial LP lifted its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. FMR LLC lifted its stake in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock worth $176,042,000 after purchasing an additional 147,920 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock valued at $156,759,000 after purchasing an additional 229,946 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Diageo by 6.9% during the 3rd quarter. Wellington Management Group LLP now owns 991,459 shares of the company's stock valued at $139,141,000 after purchasing an additional 64,367 shares in the last quarter. Institutional investors own 8.97% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. One 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, the company presently has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Price Performance

NYSE DEO traded up $1.51 during trading hours on Monday, reaching $109.16. 1,306,959 shares of the stock traded hands, compared to its average volume of 847,742. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $114.26 and a two-hundred day simple moving average of $123.45. Diageo plc has a 1 year low of $105.72 and a 1 year high of $149.44. The company has a market cap of $60.72 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.

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.