Northstar Investment Advisors LLC lifted its stake in shares of Diageo plc (NYSE:DEO) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,429 shares of the company’s stock after purchasing an additional 2,733 shares during the quarter. Diageo accounts for about 1.8% of Northstar Investment Advisors LLC’s holdings, making the stock its 25th largest position. Northstar Investment Advisors LLC’s holdings in Diageo were worth $9,847,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bangor Savings Bank boosted its holdings in Diageo by 0.9% during the 2nd quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock valued at $212,000 after acquiring an additional 16 shares during the period. M&R Capital Management Inc. lifted its holdings in Diageo by 1.8% in the 2nd quarter. M&R Capital Management Inc. now owns 2,112 shares of the company’s stock worth $273,000 after buying an additional 37 shares during the period. Advisory Services Network LLC lifted its holdings in Diageo by 1.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock worth $393,000 after buying an additional 62 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in Diageo by 4.4% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,477 shares of the company’s stock worth $297,000 after buying an additional 104 shares during the period. Finally, Veritable L.P. lifted its holdings in Diageo by 3.9% in the 2nd quarter. Veritable L.P. now owns 3,449 shares of the company’s stock worth $413,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 12.17% of the company’s stock.
Several research firms have weighed in on DEO. Royal Bank of Canada cut Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research cut Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Macquarie raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. Finally, BNP Paribas lowered Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $153.75.
Diageo plc (NYSE:DEO) traded up $1.32 during mid-day trading on Wednesday, reaching $138.39. The company had a trading volume of 397,476 shares, compared to its average volume of 451,926. Diageo plc has a one year low of $110.92 and a one year high of $147.62. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be issued a $1.4232 dividend. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd.
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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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