Townsquare Capital LLC Purchases 558 Shares of Diageo plc (NYSE:DEO)

Townsquare Capital LLC raised its position in shares of Diageo plc (NYSE:DEO) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 37,353 shares of the company’s stock after acquiring an additional 558 shares during the period. Townsquare Capital LLC’s holdings in Diageo were worth $4,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crux Wealth Advisors acquired a new position in shares of Diageo during the 4th quarter worth $548,000. DRH Investments Inc. raised its stake in Diageo by 121.1% during the fourth quarter. DRH Investments Inc. now owns 74,149 shares of the company’s stock worth $9,427,000 after acquiring an additional 40,612 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Diageo by 39.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 558 shares of the company’s stock worth $71,000 after acquiring an additional 158 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Diageo by 39.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,938 shares of the company’s stock valued at $374,000 after purchasing an additional 829 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Diageo by 1.8% during the 4th quarter. Neuberger Berman Group LLC now owns 63,092 shares of the company’s stock valued at $8,021,000 after purchasing an additional 1,101 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Shares of NYSE:DEO opened at $109.52 on Monday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 52 week low of $100.72 and a 52 week high of $144.27. The firm has a market cap of $60.92 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The firm’s fifty day moving average is $107.97 and its 200-day moving average is $119.50.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.00.

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.