GYL Financial Synergies LLC lifted its stake in shares of Diageo plc (NYSE:DEO) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,690 shares of the company’s stock after purchasing an additional 168 shares during the quarter. GYL Financial Synergies LLC’s holdings in Diageo were worth $285,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of DEO. Global Retirement Partners LLC increased its position in Diageo by 13.5% in the 4th quarter. Global Retirement Partners LLC now owns 545 shares of the company’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of Diageo by 2.5% during the 3rd quarter. CAPROCK Group Inc. now owns 2,845 shares of the company’s stock worth $471,000 after acquiring an additional 69 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Diageo by 2.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 3,513 shares of the company’s stock valued at $574,000 after acquiring an additional 70 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Diageo by 4.6% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,585 shares of the company’s stock valued at $268,000 after acquiring an additional 70 shares in the last quarter. Finally, Norway Savings Bank raised its stake in shares of Diageo by 36.5% in the 3rd quarter. Norway Savings Bank now owns 273 shares of the company’s stock valued at $45,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 9.08% of the company’s stock.
NYSE DEO opened at $159.64 on Thursday. Diageo plc has a twelve month low of $153.97 and a twelve month high of $176.22. The stock has a market cap of $105.50 billion, a PE ratio of 23.65, a PEG ratio of 3.69 and a beta of 0.46. The firm has a 50-day simple moving average of $166.41 and a 200 day simple moving average of $164.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 1.15.
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Friday, February 28th will be issued a $1.4355 dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 2.2%. Diageo’s dividend payout ratio (DPR) is 61.63%.
A number of equities research analysts have issued reports on the company. ValuEngine raised Diageo from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Jefferies Financial Group downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Cfra boosted their target price on shares of Diageo from $166.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, February 5th. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $171.00 price target on the stock in a research report on Monday, November 4th. Finally, Argus lowered Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $173.00.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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