25,925 Shares in Diageo plc $DEO Acquired by Teachers Retirement System of The State of Kentucky

Key Points

• Teachers Retirement System of Kentucky bought a new position of 25,925 shares of Diageo in Q4, valued at about $2.237 million.
• Diageo announced a $0.80 dividend to be paid on June 4, with a record and ex-dividend date of April 17.
• Analysts have an average rating of "Hold" with an average price target of $116.50, while DEO recently traded near $78.97 (1‑year range: $72.45–$116.69).

Teachers Retirement System of The State of Kentucky bought a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,925 shares of the company's stock, valued at approximately $2,237,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEO. Brighton Jones LLC bought a new stake in Diageo during the 4th quarter worth approximately $202,000. Russell Investments Group Ltd. grew its stake in Diageo by 17.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company's stock worth $399,000 after buying an additional 574 shares in the last quarter. Invesco Ltd. grew its stake in Diageo by 5.3% in the 2nd quarter. Invesco Ltd. now owns 212,004 shares of the company's stock worth $21,379,000 after buying an additional 10,653 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Diageo by 87.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,234 shares of the company's stock worth $124,000 after buying an additional 575 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Diageo in the 2nd quarter worth approximately $444,000. Institutional investors own 8.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Argus raised shares of Diageo to a "hold" rating in a research note on Tuesday, March 10th. BNP Paribas Exane raised shares of Diageo from an "underperform" rating to a "neutral" rating in a research note on Wednesday, March 25th. HSBC cut shares of Diageo from a "buy" rating to a "hold" rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "hold" rating to a "buy" rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada raised shares of Diageo from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Diageo presently has an average rating of "Hold" and an average price target of $116.50.

Diageo Trading Down 0.0%

DEO stock opened at $78.97 on Wednesday. Diageo plc has a one year low of $72.45 and a one year high of $116.69. The firm has a 50 day simple moving average of $80.57 and a two-hundred day simple moving average of $87.78. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Diageo Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 195.0%.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange NYSE: DEO and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo's core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

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