Diageo plc $DEO Stock Position Raised by Sei Investments Co.

Key Points

• Sei Investments Co. increased its stake in Diageo plc by 3.1%, acquiring an additional 4,163 shares during the 1st quarter, bringing its total holdings to 139,648 shares valued at approximately $15.98 million.
• Analysts have rated Diageo stock with mixed sentiments, with one sell rating, three hold ratings, and four buy ratings, resulting in an average price target of $129.00.
• Diageo's stock recently opened at $110.67 and has a market capitalization of $61.57 billion, with a debt-to-equity ratio of 1.62.

Sei Investments Co. increased its holdings in Diageo plc (NYSE:DEO - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,648 shares of the company's stock after acquiring an additional 4,163 shares during the quarter. Sei Investments Co.'s holdings in Diageo were worth $15,984,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC increased its holdings in Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after buying an additional 1,822,994 shares during the last quarter. Northern Trust Corp increased its holdings in Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after buying an additional 185,282 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Diageo in the first quarter valued at about $16,944,000. GAMMA Investing LLC increased its holdings in Diageo by 4,656.6% in the first quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock valued at $16,170,000 after buying an additional 151,061 shares during the last quarter. Finally, Clark Estates Inc. NY increased its holdings in Diageo by 116.4% in the first quarter. Clark Estates Inc. NY now owns 185,000 shares of the company's stock valued at $19,386,000 after buying an additional 99,500 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DEO shares. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Price Performance

DEO traded up $3.1310 during trading on Tuesday, reaching $113.7710. The stock had a trading volume of 1,170,259 shares, compared to its average volume of 1,117,010. The firm has a market capitalization of $63.29 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 3.34 and a beta of 0.53. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 1-year low of $96.45 and a 1-year high of $142.73. The stock has a 50 day moving average of $104.34 and a two-hundred day moving average of $107.73.

Diageo Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be given a $2.5192 dividend. This represents a yield of 370.0%. This is a positive change from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. 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.