Diageo plc (NYSE:DEO) Shares Bought by Fmr LLC

FMR LLC raised its holdings in Diageo plc (NYSE:DEO - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,813,938 shares of the company's stock after purchasing an additional 571,873 shares during the period. FMR LLC owned about 1.05% of Diageo worth $739,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DEO. Clarkston Capital Partners LLC grew its stake in Diageo by 0.3% in the 4th quarter. Clarkston Capital Partners LLC now owns 193,049 shares of the company's stock valued at $24,542,000 after acquiring an additional 659 shares during the period. Quadrant Capital Group LLC lifted its holdings in Diageo by 56.9% during the fourth quarter. Quadrant Capital Group LLC now owns 5,634 shares of the company's stock valued at $716,000 after purchasing an additional 2,043 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Diageo by 50.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,042 shares of the company's stock valued at $387,000 after purchasing an additional 1,016 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Diageo by 23.6% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,650 shares of the company's stock valued at $718,000 after purchasing an additional 1,079 shares during the period. Finally, Cullen Capital Management LLC increased its stake in shares of Diageo by 19.9% during the fourth quarter. Cullen Capital Management LLC now owns 720,763 shares of the company's stock worth $91,631,000 after purchasing an additional 119,424 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

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Diageo Trading Up 2.3 %

NYSE DEO traded up $2.48 on Friday, reaching $109.52. 998,186 shares of the company were exchanged, compared to its average volume of 929,611. 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 business's fifty day moving average price is $107.97 and its 200 day moving average price is $119.50. The stock has a market capitalization of $60.92 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27.

Diageo Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, February 28th. Diageo's dividend payout ratio is currently 46.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Company 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.