Hutchinson Capital Management CA Has $12.71 Million Stock Holdings in Diageo plc (NYSE:DEO)

Hutchinson Capital Management CA raised its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,991 shares of the company's stock after buying an additional 12,475 shares during the period. Diageo makes up 2.4% of Hutchinson Capital Management CA's portfolio, making the stock its 22nd biggest position. Hutchinson Capital Management CA's holdings in Diageo were worth $12,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new stake in shares of Diageo in the 4th quarter worth $240,000. Brandes Investment Partners LP bought a new stake in Diageo in the fourth quarter worth about $553,000. Aviso Financial Inc. boosted its position in shares of Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock valued at $30,846,000 after purchasing an additional 7,954 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $1,022,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Diageo by 1.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 94,734 shares of the company's stock worth $12,044,000 after purchasing an additional 1,182 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 1.5 %

Shares of DEO traded up $1.56 during mid-day trading on Thursday, reaching $108.00. The company's stock had a trading volume of 844,945 shares, compared to its average volume of 854,246. The company has a market cap of $60.08 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The business has a fifty day moving average of $113.22 and a 200 day moving average of $123.00. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 1 year low of $105.23 and a 1 year high of $149.44.

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Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's dividend payout ratio is currently 46.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DEO. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock 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. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Diageo presently has a consensus rating of "Hold" and a consensus price target 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.