Diageo plc (NYSE:DEO) Stake Boosted by Personal CFO Solutions LLC

Personal CFO Solutions LLC increased its stake in Diageo plc (NYSE:DEO) by 196.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,276 shares of the company’s stock after purchasing an additional 2,833 shares during the period. Personal CFO Solutions LLC’s holdings in Diageo were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DEO. Canoe Financial LP boosted its holdings in shares of Diageo by 88,407.3% during the fourth 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 during the period. Raymond James Financial Inc. acquired a new position in Diageo during the 4th quarter valued at about $123,892,000. Natixis Advisors LLC boosted its stake in Diageo by 105.7% during the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock valued at $133,240,000 after purchasing an additional 487,904 shares during the period. FMR LLC grew its position in 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 purchasing an additional 437,646 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $37,777,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

NYSE:DEO opened at $112.81 on Monday. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The firm has a market cap of $62.75 billion, a P/E ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. The business’s 50-day moving average price is $115.90 and its 200 day moving average price is $124.32.

Diageo Dividend Announcement

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

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.