Lee Danner & Bass Inc. Raises Holdings in Diageo plc (NYSE:DEO)

Lee Danner & Bass Inc. increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 64.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,029 shares of the company's stock after purchasing an additional 10,196 shares during the quarter. Lee Danner & Bass Inc.'s holdings in Diageo were worth $3,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DEO. Alliance Wealth Advisors LLC UT lifted its stake in shares of Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock worth $430,000 after purchasing an additional 86 shares during the period. Savant Capital LLC increased its holdings in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after buying an additional 88 shares during the last quarter. Diversified Trust Co increased its holdings in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock valued at $236,000 after buying an additional 98 shares during the last quarter. Cromwell Holdings LLC raised its position in Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock worth $163,000 after acquiring an additional 102 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Diageo by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company's stock worth $475,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

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Diageo Price Performance

Shares of NYSE DEO traded down $0.94 during mid-day trading on Tuesday, reaching $105.25. The company's stock had a trading volume of 847,489 shares, compared to its average volume of 857,600. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a 52 week low of $105.23 and a 52 week high of $149.44. The stock has a fifty day moving average of $112.45 and a two-hundred day moving average of $122.48. The firm has a market capitalization of $58.55 billion, a PE ratio of 15.36, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, TD Cowen lifted 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.