401 Shares in Diageo plc (NYSE:DEO) Acquired by Whipplewood Advisors LLC

Whipplewood Advisors LLC acquired a new position in Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 401 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares during the period. Canoe Financial LP boosted its position in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. BNP Paribas Financial Markets boosted its position in Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after purchasing an additional 16,285 shares during the period. FMR LLC boosted its position in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the period. Finally, Tevis Investment Management boosted its position in Diageo by 159.7% during the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock worth $1,763,000 after purchasing an additional 8,528 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 0.2 %

DEO opened at $108.83 on Friday. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $60.54 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 2.39 and a beta of 0.66. The business has a 50 day moving average of $117.39 and a 200-day moving average of $125.00.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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 is 46.42%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.00.

About Diageo

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.