8,038 Shares in Diageo plc (NYSE:DEO) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new stake in Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,038 shares of the company’s stock, valued at approximately $1,022,000.

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

Diageo Stock Down 0.4 %

NYSE DEO opened at $107.55 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 stock has a market capitalization of $59.83 billion, a PE ratio of 15.70, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 1 year low of $105.72 and a 1 year high of $149.44. The business’s 50-day moving average is $114.26 and its 200 day moving average is $123.59.

Diageo Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen raised their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently 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.