HM Payson & Co. grew its holdings in Diageo plc (NYSE:DEO) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 198,557 shares of the company’s stock after purchasing an additional 1,398 shares during the period. HM Payson & Co.’s holdings in Diageo were worth $33,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in DEO. Great Diamond Partners LLC acquired a new position in Diageo during the fourth quarter worth $32,000. Balentine LLC raised its position in Diageo by 59.2% during the third quarter. Balentine LLC now owns 199 shares of the company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Wealthcare Advisory Partners LLC raised its position in Diageo by 82.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 221 shares of the company’s stock worth $37,000 after acquiring an additional 100 shares during the period. San Francisco Sentry Investment Group CA raised its position in Diageo by 47.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 233 shares of the company’s stock worth $39,000 after acquiring an additional 75 shares during the period. Finally, TCI Wealth Advisors Inc. raised its position in Diageo by 255.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 242 shares of the company’s stock worth $41,000 after acquiring an additional 174 shares during the period. 9.01% of the stock is currently owned by institutional investors and hedge funds.
DEO stock traded up $7.14 during mid-day trading on Thursday, hitting $125.48. 19,991 shares of the company were exchanged, compared to its average volume of 1,164,215. 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 firm has a market capitalization of $79.57 billion, a P/E ratio of 18.55, a PEG ratio of 3.05 and a beta of 0.54. The business has a fifty day simple moving average of $143.65 and a 200-day simple moving average of $158.76. Diageo plc has a 12-month low of $100.52 and a 12-month high of $176.22.
The business also recently announced a semi-annual dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.4355 per share. This represents a yield of 2.2%. The ex-dividend date is Thursday, February 27th. Diageo’s dividend payout ratio (DPR) is presently 42.22%.
A number of equities analysts have weighed in on the stock. Investec cut shares of Diageo from a “hold” rating to a “sell” rating in a research report on Tuesday, March 17th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Zacks Investment Research cut shares of Diageo from a “hold” rating to a “sell” rating and set a $115.00 price objective for the company. in a research report on Monday. Goldman Sachs Group began coverage on shares of Diageo in a research report on Wednesday, February 26th. They set a “buy” rating for the company. Finally, Royal Bank of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $145.00.
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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