Erste Asset Management GmbH Increases Stock Holdings in Diageo plc (NYSE:DEO)

Erste Asset Management GmbH grew its holdings in shares of Diageo plc (NYSE:DEO) by 19.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,637 shares of the company’s stock after purchasing an additional 10,400 shares during the quarter. Erste Asset Management GmbH’s holdings in Diageo were worth $7,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DEO. Brooklyn Investment Group purchased a new stake in Diageo during the third quarter valued at approximately $25,000. Eastern Bank grew its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC purchased a new stake in shares of Diageo in the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in shares of Diageo in the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo in the 4th quarter worth $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $107.85 on Friday. The business has a 50-day moving average price of $114.53 and a 200-day moving average price of $123.79. The firm has a market cap of $60.00 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a twelve month low of $105.72 and a twelve month high of $151.76. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

DEO has been the subject of several recent research reports. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.