Capital Asset Advisory Services LLC bought a new position in Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 936 shares of the company’s stock, valued at approximately $149,000.
A number of other large investors also recently bought and sold shares of the business. Clearbridge Investments LLC grew its position in Diageo by 26.4% in the 4th quarter. Clearbridge Investments LLC now owns 1,237,973 shares of the company’s stock worth $196,602,000 after purchasing an additional 258,833 shares during the period. Northern Trust Corp grew its position in Diageo by 1.0% in the 4th quarter. Northern Trust Corp now owns 727,222 shares of the company’s stock worth $115,489,000 after purchasing an additional 7,306 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Diageo by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 702,876 shares of the company’s stock worth $111,624,000 after acquiring an additional 54,285 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Diageo by 22.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 593,851 shares of the company’s stock worth $94,309,000 after acquiring an additional 108,832 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in shares of Diageo by 5.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 458,170 shares of the company’s stock worth $72,762,000 after acquiring an additional 23,377 shares during the last quarter. 10.05% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on DEO shares. Morgan Stanley started coverage on shares of Diageo in a research note on Tuesday, February 2nd. They set an “overweight” rating on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a research note on Friday, January 29th. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research note on Tuesday, March 30th. Berenberg Bank reiterated a “hold” rating on shares of Diageo in a research note on Monday, February 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Diageo in a research note on Friday, January 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Diageo has a consensus rating of “Hold” and an average price target of $154.33.
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Friday, February 26th will be paid a $1.5348 dividend. The ex-dividend date of this dividend is Thursday, February 25th. This represents a yield of 2.1%. This is a boost from Diageo’s previous semi-annual dividend of $1.36. Diageo’s payout ratio is presently 55.45%.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaÃ§a, spirits, and brandy, as well as beer, including cider and non-alcoholic products.
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