Invesco Ltd. Has $25.75 Million Stock Position in Diageo plc (NYSE:DEO)

Invesco Ltd. lifted its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,582 shares of the company's stock after purchasing an additional 22,049 shares during the quarter. Invesco Ltd.'s holdings in Diageo were worth $25,754,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. Bank of Montreal Can boosted its position in Diageo by 1,181.5% during 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 during the last quarter. FMR LLC raised its stake in shares of Diageo by 10.9% in the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after acquiring an additional 571,873 shares during the period. Clarkston Capital Partners LLC lifted its holdings in shares of Diageo by 0.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 193,049 shares of the company's stock valued at $24,542,000 after acquiring an additional 659 shares in the last quarter. Quadrant Capital Group LLC raised its position in Diageo by 56.9% in the fourth quarter. Quadrant Capital Group LLC now owns 5,634 shares of the company's stock valued at $716,000 after purchasing an additional 2,043 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Diageo by 50.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,042 shares of the company's stock valued at $387,000 after purchasing an additional 1,016 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

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

Diageo Stock Performance

DEO stock traded up $0.57 during midday trading on Thursday, hitting $111.52. 297,816 shares of the company traded hands, compared to its average volume of 926,752. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The stock has a market capitalization of $62.04 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. 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 has a 50 day simple moving average of $108.07 and a 200-day simple moving average of $118.15.

Diageo Dividend Announcement

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