SageView Advisory Group LLC Acquires 351 Shares of Diageo plc (NYSE:DEO)

SageView Advisory Group LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,361 shares of the company’s stock after acquiring an additional 351 shares during the quarter. SageView Advisory Group LLC’s holdings in Diageo were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Keystone Financial Group increased its holdings in shares of Diageo by 13.9% in the fourth quarter. Keystone Financial Group now owns 8,103 shares of the company’s stock valued at $1,030,000 after purchasing an additional 989 shares in the last quarter. TT Capital Management LLC bought a new position in Diageo in the 4th quarter valued at $203,000. Seeds Investor LLC bought a new position in Diageo in the 4th quarter valued at $217,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Diageo in the 4th quarter valued at $370,000. Finally, Townsquare Capital LLC raised its position in shares of Diageo by 1.5% during the fourth quarter. Townsquare Capital LLC now owns 37,353 shares of the company’s stock worth $4,749,000 after acquiring an additional 558 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DEO has been the subject of a number of research reports. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Up 1.0 %

DEO opened at $110.61 on Tuesday. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The firm has a market cap of $61.53 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The firm’s fifty day moving average is $107.95 and its two-hundred day moving average is $119.29.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio is presently 46.42%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.