Union Bancaire Privee UBP SA Takes $285,000 Position in Diageo plc (NYSE:DEO)

Union Bancaire Privee UBP SA acquired a new position in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,421 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. lifted its holdings in Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares in the last quarter. Canoe Financial LP grew its holdings in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares during the last quarter. FMR LLC lifted its stake in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares during the period. Finally, Tevis Investment Management boosted its position in Diageo by 159.7% during the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock worth $1,763,000 after acquiring an additional 8,528 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. 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, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Down 0.2 %

Shares of Diageo stock opened at $110.30 on Tuesday. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The stock has a market cap of $61.36 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average price of $118.76 and a 200 day moving average price of $125.43.

Diageo Dividend Announcement

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

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.