Arden Trust Co raised its stake in shares of Diageo plc (NYSE:DEO) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,433 shares of the company’s stock after buying an additional 164 shares during the quarter. Arden Trust Co’s holdings in Diageo were worth $748,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Diageo by 586.2% in the first quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after buying an additional 264,083 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Diageo by 7,500.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 304 shares of the company’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Diageo by 29.5% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,259 shares of the company’s stock valued at $287,000 after purchasing an additional 514 shares during the last quarter. CIBC World Markets Inc. boosted its stake in Diageo by 4.4% during the 1st quarter. CIBC World Markets Inc. now owns 86,331 shares of the company’s stock valued at $10,974,000 after purchasing an additional 3,676 shares during the last quarter. Finally, Procyon Private Wealth Partners LLC increased its holdings in shares of Diageo by 10.0% in the 1st quarter. Procyon Private Wealth Partners LLC now owns 1,078 shares of the company’s stock worth $137,000 after purchasing an additional 98 shares in the last quarter. 10.17% of the stock is currently owned by institutional investors and hedge funds.
DEO has been the subject of a number of recent analyst reports. Berenberg Bank reissued a “hold” rating on shares of Diageo in a research report on Thursday, August 6th. HSBC initiated coverage on shares of Diageo in a report on Wednesday, July 8th. They set a “buy” rating for the company. Morgan Stanley restated an “equal weight” rating on shares of Diageo in a report on Monday, October 5th. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “buy” rating and set a $148.00 target price for the company in a research report on Tuesday, October 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Diageo in a report on Thursday, August 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $145.00.
NYSE DEO opened at $138.52 on Friday. Diageo plc has a 52 week low of $100.52 and a 52 week high of $171.29. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $88.72 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55. The stock’s 50-day moving average price is $135.49 and its 200-day moving average price is $137.48.
The company also recently declared a semi-annual dividend, which was paid on Wednesday, October 14th. Shareholders of record on Friday, August 14th were given a $1.3623 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a dividend yield of 2.5%. Diageo’s payout ratio is currently 79.45%.
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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