Diageo plc (NYSE:DEO) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its position in Diageo plc (NYSE:DEO) by 24.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,555 shares of the company’s stock after purchasing an additional 1,707 shares during the quarter. Signaturefd LLC’s holdings in Diageo were worth $1,088,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter worth approximately $25,000. Eastern Bank lifted its holdings in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of DEO opened at $108.28 on Wednesday. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $149.44. The firm’s 50 day moving average price is $113.60 and its 200 day moving average price is $123.12. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a market cap of $60.24 billion, a P/E ratio of 15.81, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s payout ratio is 46.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DEO shares. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.