St. James Investment Company LLC purchased a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 142,285 shares of the company's stock, valued at approximately $18,089,000. Diageo comprises 3.1% of St. James Investment Company LLC's portfolio, making the stock its 15th biggest position.
Other large investors also recently bought and sold shares of the company. Canoe Financial LP boosted its position in shares of Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after acquiring an additional 3,964 shares during the last quarter. BNP Paribas Financial Markets grew its position in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock worth $9,248,000 after acquiring an additional 16,285 shares during the period. Maia Wealth LLC raised its position in Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after purchasing an additional 2,593 shares during the period. Finally, Aviso Financial Inc. lifted its stake in shares of Diageo by 3.4% in 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 during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective 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 raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, Berenberg Bank assumed coverage on Diageo in a research report on Wednesday. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo presently has an average rating of "Hold" and a consensus target price of $129.00.
Get Our Latest Research Report on Diageo
Diageo Stock Down 3.0 %
NYSE:DEO traded down $3.21 during midday trading on Friday, reaching $104.80. The company had a trading volume of 1,850,806 shares, compared to its average volume of 902,171. The stock's fifty day simple moving average is $110.53 and its 200-day simple moving average is $121.26. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $103.70 and a 12-month high of $148.38. The firm has a market capitalization of $58.30 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.39 and a beta of 0.63.
Diageo Dividend Announcement
The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's payout ratio is 46.42%.
About Diageo
(
Free Report)
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.
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