Douglass Winthrop Advisors LLC Buys 895 Shares of Diageo plc (NYSE:DEO)

Douglass Winthrop Advisors LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 14.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,890 shares of the company’s stock after acquiring an additional 895 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Diageo were worth $876,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Stokes Family Office LLC boosted its holdings in shares of Diageo by 5.3% in the 4th quarter. Stokes Family Office LLC now owns 6,936 shares of the company’s stock valued at $882,000 after buying an additional 349 shares during the last quarter. Horizon Investments LLC raised its position in Diageo by 15.1% during the fourth quarter. Horizon Investments LLC now owns 9,237 shares of the company’s stock worth $1,174,000 after acquiring an additional 1,214 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Diageo by 47.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,744 shares of the company’s stock valued at $331,000 after acquiring an additional 885 shares during the last quarter. Mystic Asset Management Inc. lifted its stake in Diageo by 1.7% in the fourth quarter. Mystic Asset Management Inc. now owns 13,029 shares of the company’s stock valued at $1,656,000 after acquiring an additional 216 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Diageo by 3.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,413 shares of the company’s stock valued at $688,000 after acquiring an additional 192 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Trading Down 0.8 %

Shares of NYSE:DEO opened at $107.09 on Friday. Diageo plc has a 12-month low of $105.23 and a 12-month high of $149.44. The business has a 50 day moving average of $112.65 and a 200-day moving average of $122.73. 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 stock has a market cap of $59.57 billion, a PE ratio of 15.63, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

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 issued a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio is 46.42%.

Wall Street Analyst Weigh In

DEO has been the subject of several recent analyst reports. 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 raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One research 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. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and an average price target 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.