American Research & Management Co. raised its position in Diageo plc (NYSE:DEO) by 29.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,615 shares of the company’s stock after purchasing an additional 600 shares during the quarter. American Research & Management Co.’s holdings in Diageo were worth $382,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC purchased a new stake in Diageo in the 2nd quarter worth about $278,000. Crossmark Global Holdings Inc. purchased a new stake in Diageo in the 3rd quarter worth about $3,257,000. Segment Wealth Management LLC raised its position in Diageo by 9.0% in the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock worth $2,567,000 after purchasing an additional 1,455 shares during the period. M Holdings Securities Inc. raised its position in Diageo by 33.3% in the 2nd quarter. M Holdings Securities Inc. now owns 3,107 shares of the company’s stock worth $372,000 after purchasing an additional 777 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Diageo by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 68,624 shares of the company’s stock worth $8,227,000 after purchasing an additional 3,446 shares during the period. 12.17% of the stock is currently owned by institutional investors.
DEO has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research report on Wednesday, February 7th. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the stock a “buy” rating in a research report on Thursday, January 11th. BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $153.75.
Diageo plc (NYSE DEO) opened at $136.64 on Tuesday. The company has a market cap of $84,260.00, a P/E ratio of 19.41, a PEG ratio of 2.80 and a beta of 0.71. Diageo plc has a 1 year low of $110.92 and a 1 year high of $147.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be given a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s dividend payout ratio (DPR) is presently 45.45%.
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Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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