IFG Advisory LLC Buys New Holdings in Diageo plc (DEO)

IFG Advisory LLC purchased a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel reports. The firm purchased 2,220 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also recently modified their holdings of the company. Family Capital Trust Co acquired a new position in shares of Diageo during the third quarter worth about $119,000. Tower Research Capital LLC TRC increased its stake in shares of Diageo by 404.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the company’s stock worth $125,000 after acquiring an additional 833 shares during the period. Rockefeller Financial Services Inc. acquired a new position in shares of Diageo during the third quarter worth about $125,000. Quadrant Capital Group LLC increased its stake in shares of Diageo by 11.4% during the second quarter. Quadrant Capital Group LLC now owns 1,391 shares of the company’s stock worth $142,000 after acquiring an additional 142 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Diageo by 124.4% during the second quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock worth $177,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds own 12.03% of the company’s stock.

Diageo plc (DEO) opened at $141.68 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.31 and a quick ratio of 0.63. Diageo plc has a 1 year low of $110.59 and a 1 year high of $147.62.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be given a dividend of $1.4232 per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 1.96%.

A number of research analysts have recently issued reports on DEO shares. Jefferies Group set a $157.00 price target on shares of Diageo and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $163.00 price target on the stock in a research note on Monday, January 22nd. BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada lowered shares of Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Diageo presently has a consensus rating of “Hold” and a consensus price target of $156.25.

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Diageo Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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