Headlands Technologies LLC Takes Position in Diageo plc (NYSE:DEO)

Headlands Technologies LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 879 shares of the company’s stock, valued at approximately $112,000.

Other large investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT increased its holdings in shares of Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after acquiring an additional 86 shares during the period. Savant Capital LLC boosted its position in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock valued at $237,000 after purchasing an additional 88 shares in the last quarter. Diversified Trust Co grew its stake in Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Diageo by 8.6% in the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Diageo by 2.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after buying an additional 103 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 3.5 %

DEO stock opened at $104.19 on Monday. The stock has a market capitalization of $57.96 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 52 week low of $99.34 and a 52 week high of $144.28. 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 firm has a 50 day moving average of $110.12 and a 200 day moving average of $120.89.

Diageo Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Berenberg Bank assumed coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.