Generation Capital Management LLC Invests $592,000 in Diageo plc (NYSE:DEO)

Generation Capital Management LLC purchased a new position in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,655 shares of the company's stock, valued at approximately $592,000.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Alliance Wealth Advisors LLC UT lifted its stake in Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock valued at $430,000 after buying an additional 86 shares during the last quarter. Savant Capital LLC boosted its stake in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after purchasing an additional 88 shares during the period. GeoWealth Management LLC grew its position in Diageo by 1.3% during the 4th quarter. GeoWealth Management LLC now owns 6,944 shares of the company's stock worth $883,000 after purchasing an additional 92 shares during the last quarter. Diversified Trust Co grew its position in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after purchasing an additional 98 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock valued at $163,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating for the company. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Price Performance

Shares of NYSE DEO traded down $1.11 during trading on Wednesday, hitting $111.26. 388,068 shares of the company were exchanged, compared to its average volume of 926,208. The firm's fifty day moving average price is $108.00 and its 200 day moving average price is $118.20. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market cap of $61.89 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.39 and a beta of 0.63. Diageo plc has a 1 year low of $100.72 and a 1 year high of $144.27.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's payout ratio is 46.42%.

About Diageo

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.