Farther Finance Advisors LLC boosted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,257 shares of the company's stock after purchasing an additional 2,773 shares during the quarter. Farther Finance Advisors LLC's holdings in Diageo were worth $2,194,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Diageo by 4.4% during the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company's stock worth $22,234,000 after purchasing an additional 6,617 shares during the period. Canoe Financial LP increased 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 period. BNP Paribas Financial Markets increased its holdings in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock worth $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC increased its holdings 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 period. Finally, Maia Wealth LLC increased its holdings in Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after purchasing an additional 2,593 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.
Diageo Trading Down 1.9 %
Shares of NYSE:DEO opened at $108.32 on Thursday. Diageo plc has a 12-month low of $105.72 and a 12-month high of $151.76. The business's fifty day simple moving average is $114.90 and its 200-day simple moving average is $123.90. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $60.26 billion, a PE ratio of 15.81, a P/E/G ratio of 2.39 and a beta of 0.65.
Diageo Dividend Announcement
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio (DPR) is 46.42%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on DEO. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Report on DEO
Diageo Company Profile
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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
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO - Free Report).
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