Raymond James Financial Inc. Purchases New Holdings in Diageo plc (NYSE:DEO)

Raymond James Financial Inc. acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 974,530 shares of the company's stock, valued at approximately $123,892,000. Raymond James Financial Inc. owned about 0.18% of Diageo at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Diageo in the third quarter worth $25,000. Eastern Bank raised its stake in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new position in Diageo during the fourth quarter worth about $35,000. Kestra Investment Management LLC acquired a new position in Diageo in the fourth quarter valued at about $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo in the fourth quarter worth about $47,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Down 1.9 %

NYSE DEO traded down $2.08 during trading on Wednesday, hitting $108.32. The stock had a trading volume of 644,657 shares, compared to its average volume of 840,298. The company has a market capitalization of $60.26 billion, a PE ratio of 15.81, a P/E/G ratio of 2.39 and a beta of 0.65. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The company's 50-day moving average price is $115.28 and its two-hundred day moving average price is $124.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

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Diageo Dividend Announcement

The firm also recently announced 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. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's dividend payout ratio (DPR) is currently 46.42%.

Analyst Ratings Changes

DEO has been the topic of several recent analyst reports. TD Cowen lifted 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 shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Diageo currently has a consensus 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.