Diageo plc (NYSE:DEO) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,419 shares of the company's stock after buying an additional 2,399 shares during the period. V Square Quantitative Management LLC's holdings in Diageo were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Brooklyn Investment Group purchased a new stake in shares of Diageo in the third quarter valued at about $25,000. Eastern Bank lifted its holdings in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Diageo in the fourth quarter valued at about $35,000. Concord Wealth Partners purchased a new stake in shares of Diageo in the third quarter valued at about $38,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

DEO has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

DEO stock traded up $0.29 on Tuesday, hitting $107.82. 1,377,065 shares of the company were exchanged, compared to its average volume of 1,120,450. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The business's fifty day moving average is $120.76 and its two-hundred day moving average is $125.90. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be given a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th.

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.