First Manhattan Co. raised its holdings in shares of Diageo plc (NYSE:DEO) by 12.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,723 shares of the company’s stock after purchasing an additional 2,905 shares during the period. First Manhattan Co.’s holdings in Diageo were worth $4,372,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DEO. Rhumbline Advisers bought a new position in shares of Diageo during the third quarter valued at approximately $244,000. Bank of New York Mellon Corp increased its stake in shares of Diageo by 661.5% during the third quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock valued at $36,139,000 after purchasing an additional 221,590 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Diageo during the third quarter valued at approximately $317,000. LPL Financial LLC increased its stake in shares of Diageo by 30.6% during the third quarter. LPL Financial LLC now owns 80,616 shares of the company’s stock valued at $11,421,000 after purchasing an additional 18,898 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in shares of Diageo by 17.0% during the third quarter. Mutual Advisors LLC now owns 5,963 shares of the company’s stock valued at $845,000 after purchasing an additional 866 shares in the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on DEO shares. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 price target for the company in a research report on Tuesday, February 5th. Investec downgraded shares of Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Macquarie reissued a “buy” rating on shares of Diageo in a research report on Sunday, December 16th. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Finally, Barclays started coverage on shares of Diageo in a research report on Monday, April 1st. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $164.75.
Shares of DEO opened at $163.20 on Monday. The company has a market cap of $99.53 billion, a P/E ratio of 25.70, a PEG ratio of 2.84 and a beta of 0.53. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. Diageo plc has a twelve month low of $131.43 and a twelve month high of $165.53.
The company also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be given a dividend of $1.3688 per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s dividend payout ratio (DPR) is currently 42.83%.
Diageo Company 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, Bundaberg, McDowell's No.
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