Bessemer Group Inc. raised its stake in shares of Diageo plc (NYSE:DEO) by 37.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,455 shares of the company’s stock after acquiring an additional 2,842 shares during the period. Bessemer Group Inc.’s holdings in Diageo were worth $1,761,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its position in Diageo by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 958,530 shares of the company’s stock valued at $156,739,000 after buying an additional 22,770 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Diageo by 0.9% in the 4th quarter. Confluence Investment Management LLC now owns 909,866 shares of the company’s stock worth $153,240,000 after acquiring an additional 7,982 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Diageo by 0.3% in the fourth quarter. DAVENPORT & Co LLC now owns 426,504 shares of the company’s stock valued at $71,832,000 after acquiring an additional 1,184 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Diageo by 3.3% in the third quarter. Stifel Financial Corp now owns 352,614 shares of the company’s stock valued at $57,533,000 after acquiring an additional 11,185 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Diageo by 586.2% during the first quarter. FMR LLC now owns 309,135 shares of the company’s stock worth $50,578,000 after acquiring an additional 264,083 shares during the period. 9.08% of the stock is owned by institutional investors.
Shares of DEO opened at $160.86 on Friday. The company has a 50-day simple moving average of $166.17 and a 200-day simple moving average of $164.44. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $105.50 billion, a PE ratio of 23.83, a P/E/G ratio of 3.69 and a beta of 0.46. Diageo plc has a 52-week low of $153.97 and a 52-week high of $176.22.
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 14th. Investors of record on Friday, February 28th will be paid a $1.4355 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, February 27th. Diageo’s dividend payout ratio (DPR) is 61.63%.
A number of equities research analysts recently commented on DEO shares. Jefferies Financial Group downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Argus lowered Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Royal Bank of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a research note on Thursday, October 24th. Finally, Cfra raised their price target on Diageo from $166.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target 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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