323,684 Shares in Diageo plc $DEO Bought by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. bought a new position in shares of Diageo plc (NYSE:DEO) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 323,684 shares of the company’s stock, valued at approximately $30,889,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. lifted its holdings in shares of Diageo by 51.4% in the third quarter. Centaurus Financial Inc. now owns 11,448 shares of the company’s stock valued at $1,092,000 after purchasing an additional 3,889 shares in the last quarter. First Affirmative Financial Network acquired a new position in shares of Diageo during the third quarter worth about $245,000. Sunbelt Securities Inc. grew its holdings in shares of Diageo by 7.7% during the third quarter. Sunbelt Securities Inc. now owns 4,161 shares of the company’s stock worth $397,000 after buying an additional 298 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Diageo by 22.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,761 shares of the company’s stock valued at $359,000 after buying an additional 697 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Diageo by 1.4% in the 3rd quarter. Advisory Services Network LLC now owns 14,984 shares of the company’s stock valued at $1,430,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Diageo in a research report on Friday, November 28th. Sanford C. Bernstein set a $124.00 price target on shares of Diageo and gave the stock an “outperform” rating in a research note on Monday, December 29th. Argus raised shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Stock Down 2.1%

Shares of NYSE DEO opened at $75.21 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. The stock has a 50 day moving average price of $89.88 and a 200 day moving average price of $92.56. Diageo plc has a 52 week low of $75.11 and a 52 week high of $116.69.

Diageo Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be issued a $0.80 dividend. This represents a dividend yield of 207.0%. The ex-dividend date of this dividend is Friday, April 17th.

Diageo Company 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.