US Bancorp DE increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,034 shares of the company's stock after acquiring an additional 3,940 shares during the quarter. US Bancorp DE's holdings in Diageo were worth $11,955,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. Creative Financial Designs Inc. ADV increased its holdings in shares of Diageo by 7.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,695 shares of the company's stock valued at $238,000 after acquiring an additional 121 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Diageo by 6.9% during the third quarter. Chicago Partners Investment Group LLC now owns 1,948 shares of the company's stock worth $261,000 after acquiring an additional 125 shares during the period. Citizens National Bank Trust Department raised its holdings in Diageo by 19.8% during the third quarter. Citizens National Bank Trust Department now owns 14,060 shares of the company's stock worth $1,973,000 after purchasing an additional 2,325 shares in the last quarter. CORDA Investment Management LLC. lifted its position in Diageo by 2.2% in the third quarter. CORDA Investment Management LLC. now owns 232,077 shares of the company's stock valued at $32,570,000 after purchasing an additional 5,066 shares during the period. Finally, Henry James International Management Inc. acquired a new position in Diageo during the 3rd quarter worth approximately $221,000. 8.97% of the stock is owned by hedge funds and other institutional investors.
Diageo Trading Down 1.2 %
Shares of DEO stock traded down $1.38 during trading hours on Friday, hitting $112.81. 1,381,768 shares of the company were exchanged, compared to its average volume of 1,096,320. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The firm has a fifty day moving average of $116.18 and a 200 day moving average of $124.51. The firm has a market cap of $62.75 billion, a PE ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.
Diageo Announces Dividend
The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.
Analysts Set New Price Targets
Several analysts have recently commented on DEO shares. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday. TD Cowen boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One research 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 data from MarketBeat, Diageo has an average rating of "Hold" and a consensus target price of $129.00.
Get Our Latest Analysis on DEO
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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