Diageo plc (NYSE:DEO) Stock Position Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Diageo plc (NYSE:DEO - Free Report) by 39.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,909 shares of the company's stock after buying an additional 7,076 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Diageo were worth $3,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CoreFirst Bank & Trust acquired a new position in shares of Diageo during the fourth quarter valued at $25,000. Eastern Bank increased its stake 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 buying an additional 125 shares during the period. Modus Advisors LLC bought a new stake in shares of Diageo during the 4th quarter worth about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Diageo in the 4th quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Price Performance

Shares of DEO traded up $2.85 during trading hours on Tuesday, hitting $104.63. 464,787 shares of the company were exchanged, compared to its average volume of 1,166,501. 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 capitalization of $58.21 billion, a PE ratio of 15.27, a PEG ratio of 2.39 and a beta of 0.63. The firm has a fifty day simple moving average of $109.65 and a 200-day simple moving average of $120.65. Diageo plc has a one year low of $100.72 and a one year high of $144.27.

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Diageo Dividend Announcement

The business also recently declared 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 dividend yield of 3.8%. Diageo's dividend payout ratio (DPR) is 46.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DEO shares. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Finally, Berenberg Bank initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo 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.