Entropy Technologies LP acquired a new position in Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,259 shares of the company's stock, valued at approximately $796,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter worth approximately $25,000. Eastern Bank boosted its position in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC bought a new stake in Diageo during the fourth quarter worth about $35,000. Concord Wealth Partners acquired a new stake in shares of Diageo during the third quarter worth approximately $38,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at approximately $47,000. Institutional investors own 8.97% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on DEO shares. TD Cowen increased 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. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Analysis on Diageo
Diageo Stock Performance
NYSE:DEO traded down $1.93 during trading hours on Friday, hitting $107.45. 864,158 shares of the stock were exchanged, compared to its average volume of 1,096,495. The company's 50 day moving average is $121.08 and its two-hundred day moving average is $125.99. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.
Diageo Dividend Announcement
The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be issued a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th.
About Diageo
(
Free Report)
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.
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