Evergreen Capital Management LLC Has $943,000 Stake in Diageo plc (NYSE:DEO)

Evergreen Capital Management LLC increased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,420 shares of the company's stock after acquiring an additional 2,940 shares during the period. Evergreen Capital Management LLC's holdings in Diageo were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Canoe Financial LP increased its stake 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 last quarter. Bank of Montreal Can boosted its holdings in shares of Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after buying an additional 1,296,285 shares during the period. Raymond James Financial Inc. acquired a new position in Diageo in the 4th quarter valued at $123,892,000. FMR LLC raised its holdings in Diageo by 10.9% in the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after acquiring an additional 571,873 shares during the period. Finally, ABC Arbitrage SA bought a new stake in Diageo during the fourth quarter valued at about $37,777,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Price Performance

Shares of Diageo stock traded up $1.19 during trading on Friday, reaching $109.39. The company's stock had a trading volume of 1,291,703 shares, compared to its average volume of 926,769. Diageo plc has a one year low of $100.72 and a one year high of $144.27. The stock has a 50-day moving average price of $107.87 and a two-hundred day moving average price of $118.57. 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 stock has a market capitalization of $60.85 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63.

Diageo Announces Dividend

The business also recently announced 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 is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's payout ratio is 46.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target 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. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $129.00.

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.