SBI Securities Co. Ltd. Takes $485,000 Position in Diageo plc (NYSE:DEO)

SBI Securities Co. Ltd. bought a new position in shares of Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,814 shares of the company's stock, valued at approximately $485,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Diageo during the third quarter worth $25,000. Eastern Bank lifted its position 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 in the last quarter. Modus Advisors LLC bought a new stake in Diageo during the 4th quarter worth about $35,000. Kestra Investment Management LLC acquired a new stake in Diageo in the 4th quarter valued at about $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo in the 4th quarter valued at about $47,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on DEO shares. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.00.

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Diageo Trading Down 1.2 %

Shares of Diageo stock traded down $1.38 during trading on Friday, hitting $112.81. 1,381,780 shares of the company were exchanged, compared to its average volume of 1,096,320. The firm has a market capitalization of $62.75 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The firm's fifty day moving average price is $115.90 and its 200 day moving average price is $124.40. 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 1-year low of $105.72 and a 1-year high of $151.76.

Diageo Announces Dividend

The company also recently announced 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. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is presently 46.42%.

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.