Headlands Technologies LLC Invests $112,000 in Diageo plc (NYSE:DEO)

Headlands Technologies LLC purchased a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 879 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors have also recently made changes to their positions in the business. Canoe Financial LP raised its position in 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 purchasing an additional 8,104,301 shares during the period. Raymond James Financial Inc. bought a new position in shares of Diageo during the 4th quarter valued at approximately $123,892,000. ABC Arbitrage SA purchased a new stake in Diageo during the 4th quarter valued at $37,777,000. JPMorgan Chase & Co. lifted its position in Diageo by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after buying an additional 229,946 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Diageo by 3,073.4% during the fourth quarter. Proficio Capital Partners LLC now owns 209,510 shares of the company’s stock worth $26,635,000 after buying an additional 202,908 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DEO. 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 report on Monday, March 3rd. Berenberg Bank initiated coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

Diageo stock opened at $104.19 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a market cap of $57.96 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The firm has a 50-day moving average of $110.12 and a two-hundred day moving average of $120.89. Diageo plc has a 1 year low of $99.34 and a 1 year high of $144.28.

Diageo Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be issued a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. 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.