CORDA Investment Management LLC. Purchases 658 Shares of Diageo plc (NYSE:DEO)

CORDA Investment Management LLC. lifted its position in shares of Diageo plc (NYSE:DEO) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,735 shares of the company’s stock after buying an additional 658 shares during the quarter. Diageo makes up 2.4% of CORDA Investment Management LLC.’s holdings, making the stock its 19th largest holding. CORDA Investment Management LLC.’s holdings in Diageo were worth $29,588,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Canoe Financial LP increased its position in Diageo by 88,407.3% during the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. FMR LLC boosted its stake in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares in the last quarter. Massachusetts Financial Services Co. MA increased 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 valued at $176,042,000 after buying an additional 147,920 shares during the period. Confluence Investment Management LLC raised its stake in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after buying an additional 284,046 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report 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. Finally, TD Cowen increased their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Trading Down 1.8 %

Shares of NYSE:DEO opened at $108.53 on Friday. The business’s 50-day moving average is $117.72 and its 200 day moving average is $125.11. 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 1 year low of $105.72 and a 1 year high of $153.36. The firm has a market capitalization of $60.38 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

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 issued 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 dividend payout ratio (DPR) is currently 46.42%.

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.