Douglass Winthrop Advisors LLC Has $876,000 Holdings in Diageo plc (NYSE:DEO)

Douglass Winthrop Advisors LLC raised its stake in Diageo plc (NYSE:DEO) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,890 shares of the company’s stock after buying an additional 895 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Diageo were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Brooklyn Investment Group bought a new stake in shares of Diageo in the 3rd quarter valued at about $25,000. Eastern Bank increased its stake in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new stake in Diageo in the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new position in shares of Diageo during the fourth quarter worth $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $107.09 on Friday. 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 cap of $59.57 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The stock’s 50-day moving average is $112.65 and its 200-day moving average is $122.73. Diageo plc has a one year low of $105.23 and a one year high of $149.44.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given 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%.

Analysts Set New Price Targets

DEO has been the topic of several research analyst reports. TD Cowen raised their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.00.

Diageo 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.