Euro Pacific Asset Management LLC Has $1.20 Million Stock Position in Diageo plc (NYSE:DEO)

Euro Pacific Asset Management LLC grew its position in Diageo plc (NYSE:DEO) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,179 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley lifted its stake in Diageo by 13.2% in the fourth quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock valued at $663,848,000 after buying an additional 433,105 shares in the last quarter. Clearbridge Investments LLC lifted its position in Diageo by 0.4% in the 3rd quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock valued at $355,661,000 after acquiring an additional 10,269 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Diageo by 98,968.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock worth $360,651,000 after purchasing an additional 2,021,926 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Diageo by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock worth $390,924,000 after purchasing an additional 12,035 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Diageo by 2.4% in the 3rd quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock valued at $177,156,000 after purchasing an additional 27,851 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3,778.00.

Diageo Stock Up 0.1 %

Shares of NYSE DEO traded up $0.10 during trading hours on Thursday, hitting $140.45. The company had a trading volume of 436,252 shares, compared to its average volume of 808,352. Diageo plc has a 1-year low of $135.63 and a 1-year high of $190.02. The firm’s 50 day moving average is $147.15 and its 200-day moving average is $146.56. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were given a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.