SVB Wealth LLC Makes New Investment in Diageo plc (NYSE:DEO)

SVB Wealth LLC bought a new position in Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,498 shares of the company's stock, valued at approximately $445,000.

Several other large investors have also recently added to or reduced their stakes in DEO. Canoe Financial LP increased its holdings in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Natixis Advisors LLC increased its holdings in shares of Diageo by 105.7% during the third quarter. Natixis Advisors LLC now owns 949,411 shares of the company's stock valued at $133,240,000 after purchasing an additional 487,904 shares during the period. FMR LLC increased its holdings in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company's stock valued at $735,671,000 after purchasing an additional 437,646 shares during the period. ABC Arbitrage SA acquired a new position in shares of Diageo during the fourth quarter valued at $37,777,000. Finally, Confluence Investment Management LLC increased its holdings in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company's stock valued at $170,623,000 after purchasing an additional 284,046 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

NYSE:DEO traded down $1.38 during trading hours on Friday, reaching $112.81. 1,381,780 shares of the company's stock were exchanged, compared to its average volume of 1,096,320. The company 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. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The business's 50-day simple moving average is $115.90 and its two-hundred day simple moving average is $124.40.

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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 issued a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo's payout ratio is 46.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports 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 shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.