Diageo plc (NYSE:DEO) Shares Acquired by GeoWealth Management LLC

GeoWealth Management LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,944 shares of the company’s stock after buying an additional 92 shares during the quarter. GeoWealth Management LLC’s holdings in Diageo were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Farringdon Capital Ltd. bought a new stake in shares of Diageo in the 4th quarter worth about $249,000. Coleford Investment Management Ltd. bought a new position in Diageo during the 4th quarter worth approximately $9,145,000. NewEdge Advisors LLC grew its position in shares of Diageo by 3.9% in the 4th quarter. NewEdge Advisors LLC now owns 18,996 shares of the company’s stock worth $2,415,000 after acquiring an additional 709 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Diageo by 65.6% in the 4th quarter. Evergreen Capital Management LLC now owns 7,420 shares of the company’s stock valued at $943,000 after acquiring an additional 2,940 shares during the last quarter. Finally, Lafayette Investments Inc. lifted its stake in Diageo by 0.9% during the fourth quarter. Lafayette Investments Inc. now owns 56,241 shares of the company’s stock worth $7,150,000 after purchasing an additional 477 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DEO. Berenberg Bank assumed coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

NYSE DEO opened at $109.39 on Friday. The company has a 50-day moving average price of $107.87 and a two-hundred day moving average price of $118.57. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 52 week low of $100.72 and a 52 week high of $144.27.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid 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 currently 46.42%.

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.