Wellington Management Group LLP Purchases 140,587 Shares of Diageo plc (NYSE:DEO)

Wellington Management Group LLP raised its position in shares of Diageo plc (NYSE:DEO - Free Report) by 14.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,132,046 shares of the company's stock after purchasing an additional 140,587 shares during the period. Wellington Management Group LLP owned approximately 0.20% of Diageo worth $143,917,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DEO. CoreFirst Bank & Trust purchased a new stake in shares of Diageo in the 4th quarter valued at $25,000. Eastern Bank boosted its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at about $35,000. Kestra Investment Management LLC purchased a new position in shares of Diageo in the fourth quarter worth about $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo in the 4th quarter valued at about $47,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Up 2.8 %

NYSE DEO traded up $2.85 during trading hours on Tuesday, reaching $104.63. 464,787 shares of the company's stock traded hands, compared to its average volume of 1,166,501. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27. The firm has a 50-day simple moving average of $109.65 and a 200 day simple moving average of $120.65. The firm has a market cap of $58.21 billion, a PE ratio of 15.27, a PEG ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

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Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given 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

Several equities analysts recently issued reports on DEO shares. TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Diageo currently has a consensus 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.