Lake Street Advisors Group LLC Purchases 109 Shares of Diageo plc (NYSE:DEO)

Lake Street Advisors Group LLC increased its position in shares of Diageo plc (NYSE:DEO) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,594 shares of the company’s stock after acquiring an additional 109 shares during the period. Lake Street Advisors Group LLC’s holdings in Diageo were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canoe Financial LP increased its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Natixis Advisors LLC increased its stake in Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares during the last quarter. FMR LLC raised its holdings in shares of Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Diageo during the 4th quarter valued at about $37,777,000. Finally, Confluence Investment Management LLC grew its holdings in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after purchasing an additional 284,046 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DEO. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 0.6 %

Shares of NYSE DEO opened at $110.56 on Thursday. The stock has a market capitalization of $61.51 billion, a P/E ratio of 16.14, a PEG ratio of 2.39 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a one year low of $105.72 and a one year high of $154.71. The firm’s 50 day simple moving average is $118.10 and its two-hundred day simple moving average is $125.22.

Diageo Dividend Announcement

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

Diageo 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.