Erste Asset Management GmbH Has $7.96 Million Stake in Diageo plc (NYSE:DEO)

Erste Asset Management GmbH raised its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,637 shares of the company's stock after purchasing an additional 10,400 shares during the period. Erste Asset Management GmbH's holdings in Diageo were worth $7,963,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in Diageo during the 3rd quarter worth $25,000. Eastern Bank raised its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new position in shares of Diageo in the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo in the 4th quarter worth about $47,000. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DEO has been the subject of several research analyst reports. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $129.00.

Remove Ads

Diageo Stock Down 0.9 %

Diageo stock traded down $1.01 during midday trading on Tuesday, reaching $108.28. The stock had a trading volume of 818,376 shares, compared to its average volume of 847,583. Diageo plc has a 12 month low of $105.72 and a 12 month high of $149.44. The company has a market capitalization of $60.24 billion, a P/E ratio of 15.81, a PEG ratio of 2.39 and a beta of 0.65. The company has a fifty day moving average price of $113.93 and a two-hundred day moving average price of $123.28. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is 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.