CIBC Private Wealth Group LLC increased its holdings in Diageo plc (NYSE:DEO) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,322 shares of the company’s stock after acquiring an additional 10,789 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Diageo were worth $11,957,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Diageo during the fourth quarter valued at about $31,000. Ledyard National Bank lifted its position in shares of Diageo by 62.9% during the fourth quarter. Ledyard National Bank now owns 285 shares of the company’s stock valued at $40,000 after buying an additional 110 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Diageo during the fourth quarter valued at about $47,000. Taylor Hoffman Wealth Management lifted its position in shares of Diageo by 65.7% during the fourth quarter. Taylor Hoffman Wealth Management now owns 474 shares of the company’s stock valued at $66,000 after buying an additional 188 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in shares of Diageo by 31.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 513 shares of the company’s stock valued at $73,000 after buying an additional 124 shares during the last quarter. 11.31% of the stock is owned by institutional investors.
DEO has been the subject of several analyst reports. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Sanford C. Bernstein lowered shares of Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. Macquarie reissued a “buy” rating on shares of Diageo in a research report on Sunday, December 16th. Finally, Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.75.
Shares of Diageo stock opened at $155.91 on Thursday. The company has a market capitalization of $93.86 billion, a P/E ratio of 24.55, a P/E/G ratio of 2.69 and a beta of 0.54. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. Diageo plc has a 52 week low of $131.22 and a 52 week high of $156.38.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be given a $1.3688 dividend. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s payout ratio is currently 65.83%.
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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