Lido Advisors LLC bought a new stake in Diageo (NYSE:DEO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,960 shares of the company’s stock, valued at approximately $286,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DEO. Segment Wealth Management LLC raised its stake in Diageo by 9.0% in the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock valued at $2,567,000 after purchasing an additional 1,455 shares during the last quarter. Burney Co. raised its stake in Diageo by 39.6% in the 4th quarter. Burney Co. now owns 2,849 shares of the company’s stock valued at $416,000 after purchasing an additional 808 shares during the last quarter. Clearbridge LLC raised its stake in Diageo by 27.5% in the 4th quarter. Clearbridge LLC now owns 51,105 shares of the company’s stock valued at $7,463,000 after purchasing an additional 11,019 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in Diageo in the 4th quarter valued at $339,000. Finally, Signaturefd LLC purchased a new stake in Diageo in the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 11.86% of the company’s stock.
NYSE:DEO traded down $0.52 during mid-day trading on Friday, reaching $139.17. 452,322 shares of the stock were exchanged, compared to its average volume of 339,876. Diageo has a 1 year low of $113.67 and a 1 year high of $147.62. The company has a market capitalization of $86,603.55, a PE ratio of 25.21, a P/E/G ratio of 2.88 and a beta of 0.70. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.69.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be paid a $1.4232 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.96%. Diageo’s dividend payout ratio (DPR) is currently 62.14%.
A number of research firms have recently weighed in on DEO. Zacks Investment Research upgraded Diageo from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, December 27th. Jefferies Group set a $157.00 target price on Diageo and gave the stock a “buy” rating in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $153.00.
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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.
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