Diageo plc (NYSE:DEO) Position Boosted by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,512 shares of the company's stock after acquiring an additional 4,013 shares during the quarter. MGO One Seven LLC's holdings in Diageo were worth $1,464,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Canoe Financial LP grew its holdings in shares of Diageo by 88,407.3% during the 4th 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. FMR LLC grew its stake in Diageo by 10.9% during the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after buying an additional 571,873 shares during the period. Bank of Montreal Can increased its position in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock worth $178,745,000 after acquiring an additional 1,296,285 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Diageo by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock valued at $155,167,000 after acquiring an additional 103,540 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Diageo by 14.2% during the 4th quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company's stock valued at $143,917,000 after acquiring an additional 140,587 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Up 0.6 %

Shares of NYSE:DEO traded up $0.62 during trading on Wednesday, hitting $111.52. The company's stock had a trading volume of 270,432 shares, compared to its average volume of 928,567. The company has a market capitalization of $62.04 billion, a PE ratio of 16.28, a PEG ratio of 2.39 and a beta of 0.63. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock's 50-day moving average price is $108.37 and its two-hundred day moving average price is $117.38.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, February 28th were paid a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date was Friday, February 28th. Diageo's dividend payout ratio (DPR) is currently 46.42%.

Analysts Set New Price Targets

Several analysts recently issued reports on DEO shares. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank initiated coverage on Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $129.00.

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.