Aigen Investment Management LP Has $1.55 Million Position in Diageo plc $DEO

Aigen Investment Management LP lifted its position in shares of Diageo plc (NYSE:DEO) by 192.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,937 shares of the company’s stock after purchasing an additional 11,804 shares during the quarter. Aigen Investment Management LP’s holdings in Diageo were worth $1,547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DEO. Integrated Advisors Network LLC increased its position in shares of Diageo by 3.5% in the third quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock valued at $297,000 after acquiring an additional 104 shares during the last quarter. Glenview Trust Co increased its position in shares of Diageo by 3.7% in the fourth quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock valued at $253,000 after acquiring an additional 104 shares during the last quarter. Mission Wealth Management LP increased its position in shares of Diageo by 4.0% in the fourth quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after acquiring an additional 114 shares during the last quarter. Wynn Capital LLC increased its position in shares of Diageo by 2.5% in the fourth quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock valued at $431,000 after acquiring an additional 122 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its position in shares of Diageo by 4.9% in the third quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock valued at $236,000 after acquiring an additional 125 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on DEO shares. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Finally, BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Trading Up 0.8%

Shares of NYSE:DEO opened at $81.78 on Friday. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The business has a 50 day moving average of $80.77 and a 200-day moving average of $85.23. 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 Announces Dividend

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