Trexquant Investment LP lifted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,601 shares of the company's stock after purchasing an additional 4,867 shares during the quarter. Trexquant Investment LP's holdings in Diageo were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Canoe Financial LP boosted its stake in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Diageo by 11.7% during the 4th 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 in the last quarter. Maia Wealth LLC boosted its position in shares of Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after acquiring an additional 2,593 shares in the last quarter. Aviso Financial Inc. increased its stake in Diageo by 3.4% in the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock valued at $30,846,000 after acquiring an additional 7,954 shares during the period. Finally, Tevis Investment Management raised its position in Diageo by 159.7% in the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company's stock worth $1,763,000 after purchasing an additional 8,528 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.
Diageo Price Performance
Shares of NYSE DEO traded up $2.48 during mid-day trading on Friday, hitting $109.52. 998,186 shares of the stock were exchanged, compared to its average volume of 929,907. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The stock's fifty day simple moving average is $107.97 and its two-hundred day simple moving average is $119.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $60.92 billion, a P/E ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.63.
Diageo Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio is 46.42%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Berenberg Bank assumed coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating on the stock. Finally, TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.00.
Read Our Latest Stock Analysis on DEO
Diageo Company Profile
(
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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