Essential Planning LLC. bought a new stake in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,850 shares of the company's stock, valued at approximately $745,000.
Several other hedge funds and other institutional investors have also made changes to their positions in DEO. Canoe Financial LP grew its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. FMR LLC grew its position in 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 purchasing an additional 437,646 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Diageo by 13.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock valued at $176,042,000 after purchasing an additional 147,920 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Diageo by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock valued at $156,759,000 after buying an additional 229,946 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Diageo by 6.9% during the third 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. Hedge funds and other institutional investors own 8.97% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on DEO. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Analysis on Diageo
Diageo Price Performance
NYSE:DEO traded up $1.51 during trading hours on Monday, hitting $109.16. The company's stock had a trading volume of 1,306,959 shares, compared to its average volume of 847,742. The company has a market capitalization of $60.72 billion, a PE ratio of 15.94, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 52-week low of $105.72 and a 52-week high of $149.44. The business's 50-day moving average is $114.26 and its two-hundred day moving average is $123.45. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.
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 dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's dividend payout ratio is currently 46.42%.
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.
See Also
Before you consider Diageo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diageo wasn't on the list.
While Diageo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
