Greenline Partners LLC Makes New $61,000 Investment in Diageo plc (NYSE:DEO)

Greenline Partners LLC purchased a new stake in Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 483 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEO. Canoe Financial LP boosted its position in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Diageo by 234.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company’s stock valued at $330,627,000 after acquiring an additional 1,822,994 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock valued at $178,745,000 after acquiring an additional 1,296,285 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Diageo during the 4th quarter worth $123,892,000. Finally, FMR LLC increased its holdings in Diageo by 10.9% in the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after purchasing an additional 571,873 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

Shares of NYSE:DEO opened at $115.36 on Friday. The company’s fifty day moving average price is $109.08 and its 200-day moving average price is $116.25. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a market capitalization of $64.17 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.39 and a beta of 0.60. Diageo plc has a one year low of $100.72 and a one year high of $144.27.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Investors of record on Friday, February 28th were paid a $1.62 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio is presently 46.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Company 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.