20,915 Shares in Diageo plc $DEO Acquired by Burkett Asset Management Ltd

Burkett Asset Management Ltd purchased a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,915 shares of the company’s stock, valued at approximately $1,804,000. Diageo makes up 1.8% of Burkett Asset Management Ltd’s holdings, making the stock its 18th biggest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Integrated Advisors Network LLC grew its position in Diageo by 3.5% during the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock worth $297,000 after buying an additional 104 shares in the last quarter. Glenview Trust Co grew its position in Diageo by 3.7% during the fourth quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after buying an additional 104 shares in the last quarter. Mission Wealth Management LP increased its holdings in Diageo by 4.0% in the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after buying an additional 114 shares during the period. Wynn Capital LLC raised its position in shares of Diageo by 2.5% in the 4th quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock valued at $431,000 after buying an additional 122 shares in the last quarter. Finally, Bridgewater Advisors Inc. raised its position in shares of Diageo by 4.9% in the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock valued at $236,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 1.9%

Shares of DEO stock opened at $81.27 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. The business has a fifty day simple moving average of $80.63 and a 200 day simple moving average of $85.26.

Diageo Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 4th. Investors of record on Friday, April 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a dividend yield of 195.0%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $116.50.

About Diageo

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.