Diageo plc $DEO Shares Acquired by Great Hill Capital LLC

Key Points

• Great Hill Capital LLC boosted its stake in Diageo by 110% in Q4 to 69,460 shares (adding 36,391 shares), worth about $5.99 million and representing roughly 0.6% of its portfolio as its 19th largest holding.
• Diageo declared a dividend of $0.80 per share, with the record and ex-dividend date on April 17 and payment scheduled for June 4.
• Analysts' consensus is a "Hold" with an average price target of $116.50; DEO recently traded near $79.59 and has a 52-week range of $72.45–$116.69 (50-day/200-day MAs: $83.84/$88.81).

Great Hill Capital LLC lifted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 110.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,460 shares of the company's stock after acquiring an additional 36,391 shares during the quarter. Diageo accounts for approximately 0.6% of Great Hill Capital LLC's investment portfolio, making the stock its 19th biggest holding. Great Hill Capital LLC's holdings in Diageo were worth $5,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DEO. Arlington Trust Co LLC boosted its position in Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company's stock worth $27,000 after purchasing an additional 272 shares in the last quarter. New England Capital Financial Advisors LLC purchased a new stake in shares of Diageo in the third quarter valued at approximately $29,000. Spire Wealth Management raised its stake in shares of Diageo by 123.6% during the 4th quarter. Spire Wealth Management now owns 322 shares of the company's stock worth $28,000 after buying an additional 178 shares during the period. Sound Income Strategies LLC raised its stake in shares of Diageo by 8,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company's stock worth $29,000 after buying an additional 320 shares during the period. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Diageo during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Performance

Shares of DEO stock opened at $79.59 on Thursday. Diageo plc has a fifty-two week low of $72.45 and a fifty-two week high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The stock's fifty day moving average is $83.84 and its two-hundred day moving average is $88.81.

Diageo Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 207.0%.

Analyst Ratings Changes

DEO has been the subject of several recent analyst reports. Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the stock an "outperform" rating in a report on Monday, December 29th. HSBC lowered shares of Diageo from a "buy" rating to a "hold" rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Diageo from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. BNP Paribas Exane raised shares of Diageo from an "underperform" rating to a "neutral" rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Diageo in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $116.50.

Diageo Profile

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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