Diageo plc (NYSE:DEO) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $153.75.
DEO has been the subject of several research reports. Zacks Investment Research raised Diageo from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research note on Wednesday, February 7th. Jefferies Group set a $157.00 price target on Diageo and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th.
Several large investors have recently added to or reduced their stakes in the company. Biltmore Family Office LLC acquired a new position in Diageo in the 4th quarter valued at about $1,590,000. OLD Mission Capital LLC raised its stake in Diageo by 82.2% in the 4th quarter. OLD Mission Capital LLC now owns 89,982 shares of the company’s stock valued at $13,140,000 after purchasing an additional 40,594 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in Diageo in the 4th quarter valued at about $205,000. Raymond James & Associates raised its stake in Diageo by 1.9% in the 4th quarter. Raymond James & Associates now owns 367,490 shares of the company’s stock valued at $53,665,000 after purchasing an additional 6,948 shares during the last quarter. Finally, HPM Partners LLC raised its stake in Diageo by 24.4% in the 4th quarter. HPM Partners LLC now owns 7,637 shares of the company’s stock valued at $1,115,000 after purchasing an additional 1,500 shares during the last quarter. 12.17% of the stock is owned by institutional investors and hedge funds.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be paid a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s dividend payout ratio (DPR) is presently 45.26%.
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Diageo Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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