Diageo plc (NYSE:DEO) Stake Increased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC increased its holdings in shares of Diageo plc (NYSE:DEO) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,576 shares of the company’s stock after buying an additional 13,003 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Diageo were worth $11,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Diageo by 38.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the company’s stock valued at $326,000 after purchasing an additional 643 shares during the period. International Assets Investment Management LLC purchased a new position in Diageo during the third quarter valued at approximately $9,769,000. Arkadios Wealth Advisors acquired a new position in Diageo in the 3rd quarter valued at approximately $338,000. Pallas Capital Advisors LLC purchased a new stake in Diageo in the 3rd quarter worth approximately $200,000. Finally, Mutual Advisors LLC boosted its stake in shares of Diageo by 6.3% during the 3rd quarter. Mutual Advisors LLC now owns 12,326 shares of the company’s stock valued at $1,657,000 after buying an additional 733 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEO has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 1.8 %

Diageo stock opened at $108.53 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $105.72 and a 1-year high of $153.36. The firm’s fifty day simple moving average is $117.72 and its 200-day simple moving average is $125.11. The company has a market capitalization of $60.38 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is currently 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.