Diageo plc (NYSE:DEO) Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,179 shares of the company’s stock after acquiring an additional 330 shares during the period. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Holdings LLC bought a new position in shares of Diageo in the first quarter worth $33,000. Compagnie Lombard Odier SCmA acquired a new position in Diageo during the 3rd quarter valued at about $27,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Diageo during the 2nd quarter worth about $31,000. Planned Solutions Inc. acquired a new stake in shares of Diageo in the 4th quarter worth approximately $27,000. Finally, MCF Advisors LLC bought a new position in shares of Diageo in the third quarter valued at approximately $30,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of NYSE DEO traded up $0.10 during mid-day trading on Thursday, hitting $140.45. 436,252 shares of the company traded hands, compared to its average volume of 808,352. The business has a 50 day moving average of $147.15 and a two-hundred day moving average of $146.56. Diageo plc has a 1 year low of $135.63 and a 1 year high of $190.02. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were issued a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DEO shares. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3,778.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.