RBO & Co. LLC Acquires 8,458 Shares of Diageo plc (NYSE:DEO)

RBO & Co. LLC raised its position in shares of Diageo plc (NYSE:DEO - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,205 shares of the company's stock after acquiring an additional 8,458 shares during the quarter. Diageo makes up approximately 2.5% of RBO & Co. LLC's holdings, making the stock its 20th largest position. RBO & Co. LLC's holdings in Diageo were worth $15,027,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DEO. Rehmann Capital Advisory Group increased its holdings in shares of Diageo by 2.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 4,269 shares of the company's stock valued at $543,000 after acquiring an additional 119 shares in the last quarter. Becker Capital Management Inc. boosted its position in Diageo by 7.6% in the fourth quarter. Becker Capital Management Inc. now owns 181,641 shares of the company's stock worth $23,092,000 after purchasing an additional 12,755 shares during the last quarter. Northern Trust Corp boosted its position in Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock worth $82,605,000 after purchasing an additional 185,282 shares during the last quarter. Aquatic Capital Management LLC boosted its position in Diageo by 86.6% in the fourth quarter. Aquatic Capital Management LLC now owns 43,298 shares of the company's stock worth $5,504,000 after purchasing an additional 20,098 shares during the last quarter. Finally, Vulcan Value Partners LLC purchased a new position in Diageo in the fourth quarter worth about $11,623,000. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Diageo Price Performance

Diageo stock opened at $110.88 on Wednesday. The firm has a 50-day moving average price of $108.37 and a 200-day moving average price of $117.38. The firm has a market capitalization of $61.68 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $100.72 and a 12-month high of $144.27.

Diageo Dividend Announcement

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

Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.