Copperleaf Capital LLC Has $905,000 Holdings in Diageo plc (NYSE:DEO)

Copperleaf Capital LLC grew its stake in Diageo plc (NYSE:DEO) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,119 shares of the company’s stock after buying an additional 572 shares during the period. Copperleaf Capital LLC’s holdings in Diageo were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. lifted its position in shares of Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after buying an additional 6,617 shares during the last quarter. Canoe Financial LP lifted its position in shares of Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after purchasing an additional 16,285 shares during the last quarter. FMR LLC lifted its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Finally, Tevis Investment Management lifted its position in shares of Diageo by 159.7% during the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock worth $1,763,000 after purchasing an additional 8,528 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO opened at $107.45 on Friday. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60. The stock’s 50-day moving average price is $121.08 and its 200 day moving average price is $125.99.

Diageo Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DEO. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $129.00.

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.