MGO One Seven LLC Purchases 9,998 Shares of Diageo plc $DEO

MGO One Seven LLC boosted its position in Diageo plc (NYSE:DEO) by 83.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,918 shares of the company’s stock after buying an additional 9,998 shares during the quarter. MGO One Seven LLC’s holdings in Diageo were worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Equity Investment Corp bought a new position in Diageo in the third quarter valued at approximately $92,970,000. Federated Hermes Inc. increased its stake in Diageo by 7.2% in the third quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock valued at $69,337,000 after acquiring an additional 48,909 shares during the last quarter. CORDA Investment Management LLC. bought a new stake in shares of Diageo during the third quarter worth $14,329,000. Causeway Capital Management LLC grew its stake in shares of Diageo by 8.4% during the third quarter. Causeway Capital Management LLC now owns 466,866 shares of the company’s stock worth $44,553,000 after buying an additional 36,156 shares during the last quarter. Finally, Third View Private Wealth LLC bought a new stake in shares of Diageo during the fourth quarter worth $1,111,000. 8.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on DEO shares. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Argus raised shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. BNP Paribas Exane raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 25th. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Stock Performance

Shares of NYSE:DEO opened at $84.30 on Monday. The firm’s fifty day moving average is $78.82 and its 200-day moving average is $87.25. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.41.

Diageo Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.80 per share. This represents a dividend yield of 195.0%. The ex-dividend date is Friday, April 17th.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.