Diageo plc (NYSE:DEO) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its stake in Diageo plc (NYSE:DEO) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,034 shares of the company’s stock after acquiring an additional 3,940 shares during the quarter. US Bancorp DE’s holdings in Diageo were worth $11,955,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after acquiring an additional 6,617 shares during the last quarter. Canoe Financial LP lifted 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 worth $1,031,465,000 after acquiring an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC lifted 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 during the last quarter. Finally, Tevis Investment Management increased its stake in 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 buying an additional 8,528 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Up 0.3 %

Shares of NYSE:DEO opened at $109.10 on Tuesday. Diageo plc has a 52 week low of $105.72 and a 52 week high of $151.76. The company’s 50 day moving average is $117.06 and its two-hundred day moving average is $124.80. 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 market cap of $60.69 billion, a PE ratio of 15.93, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Announces Dividend

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

Wall Street Analysts Forecast Growth

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