US Bancorp DE Grows Stake in Diageo plc (NYSE:DEO)

US Bancorp DE lifted its stake in shares of Diageo plc (NYSE:DEO) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,034 shares of the company’s stock after purchasing an additional 3,940 shares during the period. US Bancorp DE’s holdings in Diageo were worth $11,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Alliance Wealth Advisors LLC UT increased its stake in shares of Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares in the last quarter. Savant Capital LLC increased its stake in shares of Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares in the last quarter. Diversified Trust Co increased its stake in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC increased its stake in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its position in Diageo by 8.6% during the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $109.10 on Tuesday. 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 $60.69 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.39 and a beta of 0.66. The company’s 50-day moving average is $117.06 and its two-hundred day moving average is $124.80. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76.

Diageo Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.