Global View Capital Management LLC Acquires Shares of 2,699 Diageo plc (NYSE:DEO)

Global View Capital Management LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,699 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. FMR LLC boosted its holdings in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Diageo by 13.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after acquiring an additional 147,920 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after acquiring an additional 229,946 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Diageo by 6.9% in the 3rd quarter. Wellington Management Group LLP now owns 991,459 shares of the company’s stock worth $139,141,000 after acquiring an additional 64,367 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DEO shares. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

Shares of Diageo stock opened at $112.11 on Tuesday. The firm has a fifty day moving average of $115.61 and a two-hundred day moving average of $124.18. The stock has a market capitalization of $62.37 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 52 week low of $105.72 and a 52 week high of $151.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Dividend Announcement

The firm also recently announced 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 dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s payout ratio is 46.42%.

About Diageo

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.