Diageo plc (NYSE:DEO) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in Diageo plc (NYSE:DEO - Free Report) by 1,021.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,092 shares of the company's stock after buying an additional 22,854 shares during the quarter. Tower Research Capital LLC TRC's holdings in Diageo were worth $3,190,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Morse Asset Management Inc purchased a new stake in Diageo during the 3rd quarter worth approximately $95,000. Anchor Investment Management LLC increased its position in shares of Diageo by 71.7% during the third quarter. Anchor Investment Management LLC now owns 1,533 shares of the company's stock worth $215,000 after purchasing an additional 640 shares in the last quarter. World Investment Advisors LLC acquired a new position in Diageo in the 3rd quarter valued at $5,510,000. Wilmington Savings Fund Society FSB raised its stake in Diageo by 550.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,532 shares of the company's stock valued at $1,478,000 after purchasing an additional 8,912 shares during the last quarter. Finally, Optimist Retirement Group LLC lifted its holdings in Diageo by 23.7% in the 3rd quarter. Optimist Retirement Group LLC now owns 16,681 shares of the company's stock valued at $2,341,000 after purchasing an additional 3,193 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Down 0.8 %

DEO traded down $0.90 during trading hours on Friday, reaching $110.73. The company's stock had a trading volume of 880,095 shares, compared to its average volume of 929,907. The stock has a market cap of $61.60 billion, a PE ratio of 16.16, a P/E/G ratio of 2.39 and a beta of 0.63. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27. 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 business's 50-day moving average is $108.16 and its 200-day moving average is $117.98.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, April 24th. Investors of record on Friday, February 28th were given a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 28th. Diageo's payout ratio is 46.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Diageo currently 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.