Diageo (DEO) Position Raised by M Holdings Securities Inc.

M Holdings Securities Inc. raised its stake in Diageo (NYSE:DEO) by 13.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,262 shares of the company’s stock after buying an additional 382 shares during the quarter. M Holdings Securities Inc.’s holdings in Diageo were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Allen Investment Management LLC increased its stake in Diageo by 1.3% in the 3rd quarter. Allen Investment Management LLC now owns 28,185 shares of the company’s stock worth $3,724,000 after purchasing an additional 375 shares in the last quarter. CIBC Asset Management Inc increased its stake in Diageo by 6.1% in the 4th quarter. CIBC Asset Management Inc now owns 7,145 shares of the company’s stock worth $1,043,000 after purchasing an additional 412 shares in the last quarter. Hansberger Growth Investors LP increased its stake in Diageo by 3.1% in the 4th quarter. Hansberger Growth Investors LP now owns 14,162 shares of the company’s stock worth $2,068,000 after purchasing an additional 428 shares in the last quarter. Pillar Pacific Capital Management LLC increased its stake in Diageo by 1.2% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 34,870 shares of the company’s stock worth $5,092,000 after purchasing an additional 430 shares in the last quarter. Finally, Columbia Partners L L C Investment Management boosted its position in Diageo by 22.9% during the 4th quarter. Columbia Partners L L C Investment Management now owns 2,456 shares of the company’s stock worth $358,000 after acquiring an additional 457 shares during the period. Institutional investors own 11.86% of the company’s stock.

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Diageo stock opened at $139.17 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $86,927.13, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.89 and a beta of 0.70. Diageo has a 52 week low of $113.67 and a 52 week high of $147.62.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be paid a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, February 22nd. Diageo’s dividend payout ratio (DPR) is presently 62.14%.

A number of equities research analysts have commented on DEO shares. Natixis lowered Diageo from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded Diageo from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Wednesday, February 7th. Jefferies Group set a $157.00 target price on Diageo and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $153.00.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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