AGF Management Ltd. Sells 294,633 Shares of Diageo plc (NYSE:DEO)

AGF Management Ltd. decreased its position in shares of Diageo plc (NYSE:DEO - Free Report) by 99.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,041 shares of the company's stock after selling 294,633 shares during the quarter. AGF Management Ltd.'s holdings in Diageo were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Canoe Financial LP raised its holdings in 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. FMR LLC grew its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company's stock worth $735,671,000 after buying an additional 437,646 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Diageo by 13.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock worth $176,042,000 after buying an additional 147,920 shares during the period. JPMorgan Chase & Co. grew its position in shares of Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock worth $156,759,000 after buying 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 worth $139,141,000 after buying an additional 64,367 shares during the period. Institutional investors own 8.97% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen raised 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. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. 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 stock. Based on data from MarketBeat.com, Diageo currently has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Down 1.6 %

Shares of NYSE DEO traded down $1.73 during mid-day trading on Wednesday, reaching $106.40. 1,990,372 shares of the company's stock traded hands, compared to its average volume of 853,539. The stock has a market cap of $59.19 billion, a P/E ratio of 15.53, a PEG ratio of 2.39 and a beta of 0.65. The business has a 50-day simple moving average of $113.60 and a 200 day simple moving average of $123.12. Diageo plc has a 1-year low of $105.31 and a 1-year high of $149.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's dividend payout ratio is currently 46.42%.

Diageo 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.