Diageo plc (NYSE:DEO) Shares Bought by DRH Investments Inc.

DRH Investments Inc. lifted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 121.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,149 shares of the company's stock after buying an additional 40,612 shares during the period. Diageo makes up approximately 10.8% of DRH Investments Inc.'s portfolio, making the stock its 3rd largest position. DRH Investments Inc.'s holdings in Diageo were worth $9,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canoe Financial LP boosted its position in shares of Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. FMR LLC boosted its position in shares of Diageo by 10.9% during the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after buying an additional 571,873 shares during the period. Bank of Montreal Can grew its stake in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after buying an additional 1,296,285 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Diageo by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock valued at $155,167,000 after buying an additional 103,540 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Diageo by 14.2% during the 4th quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company's stock worth $143,917,000 after acquiring an additional 140,587 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

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Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating for the company. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Diageo has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Down 2.7 %

Shares of DEO traded down $3.03 during midday trading on Tuesday, reaching $107.57. The stock had a trading volume of 774,623 shares, compared to its average volume of 929,781. 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 company's fifty day simple moving average is $107.95 and its two-hundred day simple moving average is $119.29. The company has a market cap of $59.84 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.39 and a beta of 0.63. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued 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 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.