Union Bancaire Privee UBP SA Acquires New Shares in Diageo plc (NYSE:DEO)

Union Bancaire Privee UBP SA bought a new stake in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,421 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DEO. Allspring Global Investments Holdings LLC increased its stake in Diageo by 38.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the company’s stock valued at $326,000 after buying an additional 643 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Diageo by 13.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,632 shares of the company’s stock worth $510,000 after buying an additional 443 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Diageo in the 3rd quarter worth $9,769,000. Arkadios Wealth Advisors acquired a new stake in shares of Diageo in the third quarter valued at $338,000. Finally, PFG Investments LLC boosted its stake in Diageo by 25.2% during the third quarter. PFG Investments LLC now owns 3,150 shares of the company’s stock valued at $442,000 after buying an additional 634 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DEO has been the topic of several recent research reports. TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Diageo currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 0.2 %

Shares of DEO stock opened at $110.30 on Tuesday. The stock’s 50 day simple moving average is $118.76 and its 200 day simple moving average is $125.43. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. 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 capitalization of $61.36 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

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

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.