Greenline Partners LLC Buys New Holdings in Diageo plc (NYSE:DEO)

Greenline Partners LLC purchased a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 483 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds also recently made changes to their positions in DEO. CoreFirst Bank & Trust bought a new position in Diageo during the fourth quarter worth $25,000. Eastern Bank boosted its holdings in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. BNP Paribas bought a new position in Diageo in the 4th quarter valued at about $32,000. Kestra Investment Management LLC acquired a new stake in Diageo during the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo during the fourth quarter worth approximately $47,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank initiated coverage on shares of Diageo in a research report on Wednesday, April 2nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

NYSE:DEO opened at $115.36 on Friday. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27. The stock has a fifty day moving average price of $109.08 and a 200-day moving average price of $116.25. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $64.17 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.39 and a beta of 0.60.

Diageo Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Thursday, April 24th. Investors of record on Friday, February 28th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio is 46.42%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.