DecisionMap Wealth Management LLC Invests $475,000 in Diageo plc (NYSE:DEO)

DecisionMap Wealth Management LLC purchased a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,738 shares of the company’s stock, valued at approximately $475,000.

Several other institutional investors have also bought and sold shares of the stock. Canoe Financial LP grew its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. FMR LLC grew its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Diageo by 13.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,254,393 shares of the company’s stock worth $176,042,000 after buying an additional 147,920 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after buying an additional 229,946 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Diageo by 6.9% in the 3rd quarter. Wellington Management Group LLP now owns 991,459 shares of the company’s stock valued at $139,141,000 after purchasing an additional 64,367 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 1.9 %

DEO stock opened at $108.32 on Thursday. 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 $60.26 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $151.76. The stock has a fifty day moving average of $114.90 and a 200-day moving average of $123.90.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors 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 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.