Financial & Tax Architects LLC purchased a new position in Diageo plc (NYSE:DEO – Get Rating) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,545 shares of the company’s stock, valued at approximately $287,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Diageo by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock worth $390,924,000 after acquiring an additional 12,035 shares in the last quarter. London Co. of Virginia grew its holdings in shares of Diageo by 3.9% in the 3rd quarter. London Co. of Virginia now owns 1,734,521 shares of the company’s stock worth $294,539,000 after acquiring an additional 64,418 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Diageo by 9.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 848,751 shares of the company’s stock worth $144,126,000 after acquiring an additional 73,790 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Diageo by 13.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 770,856 shares of the company’s stock worth $130,898,000 after acquiring an additional 93,393 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Diageo by 13.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 729,623 shares of the company’s stock worth $123,897,000 after acquiring an additional 88,925 shares during the last quarter. 9.04% of the stock is currently owned by institutional investors.
Diageo Stock Down 0.3 %
Shares of NYSE DEO traded down $0.49 during mid-day trading on Thursday, reaching $182.81. The company had a trading volume of 116,302 shares, compared to its average volume of 400,945. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.78 and a current ratio of 1.57. Diageo plc has a 12-month low of $160.09 and a 12-month high of $194.04. The stock has a fifty day moving average of $181.02 and a two-hundred day moving average of $178.90. The company has a market capitalization of $103.27 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.95 and a beta of 0.67.
Diageo Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Tuesday, April 18th. Shareholders of record on Friday, March 3rd were given a $1.5187 dividend. This is a positive change from Diageo’s previous semi-annual dividend of $1.43. This represents a yield of 2.06%. The ex-dividend date was Thursday, March 2nd. Diageo’s dividend payout ratio is presently 34.39%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DEO. Investec upgraded Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. UBS Group lowered shares of Diageo from a “buy” rating to a “neutral” rating in a research note on Thursday, January 12th. Credit Suisse Group decreased their price objective on shares of Diageo from GBX 4,500 ($56.78) to GBX 4,200 ($53.00) in a research note on Friday, January 27th. Sanford C. Bernstein raised shares of Diageo from a “market perform” rating to an “outperform” rating in a research note on Monday, February 6th. Finally, StockNews.com initiated coverage on shares of Diageo in a research note on Thursday, March 16th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of $4,022.22.
About Diageo
Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.
Further Reading
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