Global View Capital Management LLC Makes New Investment in Diageo plc (NYSE:DEO)

Global View Capital Management LLC acquired a new position in Diageo plc (NYSE:DEO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,699 shares of the company's stock, valued at approximately $340,000.

Several other large investors also recently made changes to their positions in DEO. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter worth $25,000. Eastern Bank grew its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in Diageo during the 4th quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of 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 shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. One 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, Diageo currently has a consensus rating of "Hold" and a consensus target price of $129.00.

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Diageo Stock Performance

NYSE:DEO traded down $0.41 during mid-day trading on Friday, hitting $107.55. The stock had a trading volume of 1,047,727 shares, compared to its average volume of 846,907. The stock has a market capitalization of $59.83 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a 50 day simple moving average of $114.53 and a 200-day simple moving average of $123.79. Diageo plc has a 52 week low of $105.72 and a 52 week high of $151.76. 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 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 given a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio is presently 46.42%.

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.