Vision Financial Markets LLC acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,815 shares of the company's stock, valued at approximately $358,000.
Several other large investors also recently added to or reduced their stakes in the stock. Canoe Financial LP increased 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 acquiring an additional 8,104,301 shares during the last quarter. FMR LLC grew its stake 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 buying an additional 437,646 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company's stock valued at $176,042,000 after buying an additional 147,920 shares during the last quarter. Confluence Investment Management LLC grew its stake 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 buying an additional 284,046 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company's stock valued at $156,759,000 after buying an additional 229,946 shares during the last quarter. 8.97% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
DEO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One equities 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $129.00.
Get Our Latest Research Report on Diageo
Diageo Trading Down 1.2 %
NYSE:DEO traded down $1.38 during midday trading on Friday, hitting $112.81. The stock had a trading volume of 1,381,780 shares, compared to its average volume of 1,096,320. Diageo plc has a one year low of $105.72 and a one year high of $151.76. The company has a market capitalization of $62.75 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. The stock has a 50-day moving average of $115.90 and a 200 day moving average of $124.40. 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 Dividend Announcement
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio (DPR) is currently 46.42%.
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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