3,738 Shares in Diageo plc (NYSE:DEO) Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC acquired a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,738 shares of the company’s stock, valued at approximately $475,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Canoe Financial LP raised its holdings in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Diageo in the 4th quarter valued at about $123,892,000. Natixis Advisors LLC raised its holdings in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after acquiring an additional 487,904 shares in the last quarter. FMR LLC raised 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 valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Diageo in the 4th quarter valued at about $37,777,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of NYSE DEO opened at $108.32 on Thursday. The stock’s 50-day moving average is $114.90 and its 200 day moving average is $123.90. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. The stock has a market cap of $60.26 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.