Weik Capital Management Acquires 180 Shares of Diageo plc (NYSE:DEO)

Weik Capital Management raised its holdings in Diageo plc (NYSE:DEO) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,690 shares of the company’s stock after acquiring an additional 180 shares during the quarter. Diageo comprises 1.4% of Weik Capital Management’s portfolio, making the stock its 19th largest position. Weik Capital Management’s holdings in Diageo were worth $3,520,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. AssuredPartners Investment Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth $255,000. JPMorgan Chase & Co. grew its position in shares of Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock worth $155,167,000 after buying an additional 103,540 shares during the period. Zions Bancorporation N.A. grew its position in shares of Diageo by 12.1% during the 4th quarter. Zions Bancorporation N.A. now owns 41,321 shares of the company’s stock worth $5,253,000 after buying an additional 4,454 shares during the period. TIAA Trust National Association increased its stake in shares of Diageo by 8.6% in the 4th quarter. TIAA Trust National Association now owns 3,810 shares of the company’s stock valued at $484,000 after acquiring an additional 302 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd acquired a new stake in shares of Diageo in the 4th quarter valued at approximately $2,924,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.5 %

DEO opened at $105.39 on Friday. The stock has a market capitalization of $58.63 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.39 and a beta of 0.65. 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 12 month low of $104.59 and a 12 month high of $149.36. The firm’s fifty day simple moving average is $111.82 and its 200 day simple moving average is $122.10.

Diageo Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Analyst Ratings Changes

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

Diageo Company 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.