Coleford Investment Management Ltd. Purchases Shares of 71,934 Diageo plc (NYSE:DEO)

Coleford Investment Management Ltd. bought a new position in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 71,934 shares of the company's stock, valued at approximately $9,145,000. Diageo comprises about 2.4% of Coleford Investment Management Ltd.'s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Canoe Financial LP increased its stake in Diageo by 88,407.3% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Diageo by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock worth $4,795,000 after acquiring an additional 3,964 shares during the period. Maia Wealth LLC boosted its stake in Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after buying an additional 2,593 shares during the last quarter. Aviso Financial Inc. grew its holdings in shares of Diageo by 3.4% in the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after purchasing an additional 7,954 shares during the last quarter. Finally, Tevis Investment Management increased its position in Diageo by 159.7% during the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after buying an additional 8,528 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DEO. Berenberg Bank assumed coverage on Diageo in a research note on Wednesday, April 2nd. They issued a "buy" rating for the company. TD Cowen boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Performance

NYSE:DEO traded up $3.17 on Tuesday, hitting $112.87. The stock had a trading volume of 706,650 shares, compared to its average volume of 926,394. 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 business's 50-day simple moving average is $107.94 and its two-hundred day simple moving average is $118.24. The stock has a market cap of $62.79 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27.

Diageo Announces Dividend

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