Fisher Asset Management LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,019 shares of the company’s stock after selling 41,999 shares during the quarter. Fisher Asset Management LLC owned 0.06% of Diageo worth $48,498,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Legacy Financial Advisors Inc. raised its position in Diageo by 31.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 513 shares of the company’s stock valued at $73,000 after purchasing an additional 124 shares during the period. TRUE Private Wealth Advisors purchased a new stake in shares of Diageo in the 3rd quarter valued at $105,000. CX Institutional purchased a new stake in shares of Diageo in the 4th quarter valued at $105,000. Belpointe Asset Management LLC purchased a new stake in shares of Diageo in the 3rd quarter valued at $114,000. Finally, Jackson Grant Investment Advisers Inc. raised its holdings in shares of Diageo by 14.6% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 879 shares of the company’s stock valued at $125,000 after buying an additional 112 shares during the period. Institutional investors own 11.33% of the company’s stock.
DEO has been the topic of several research analyst reports. Sanford C. Bernstein downgraded Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. Zacks Investment Research downgraded Diageo from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Macquarie reiterated a “buy” rating on shares of Diageo in a report on Sunday, December 16th. Finally, Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $164.75.
NYSE:DEO opened at $154.97 on Monday. The stock has a market cap of $94.44 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. Diageo plc has a 1 year low of $131.22 and a 1 year high of $155.03.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be given a $1.3688 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a dividend yield of 1.81%. Diageo’s dividend payout ratio (DPR) is presently 65.83%.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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