1,510 Shares in Diageo plc (NYSE:DEO) Acquired by Coerente Capital Management

Coerente Capital Management purchased a new position in shares of Diageo plc (NYSE:DEOFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,510 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Moneta Group Investment Advisors LLC grew its holdings in shares of Diageo by 98,968.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock worth $360,651,000 after buying an additional 2,021,926 shares during the last quarter. Imprint Wealth LLC lifted its holdings in shares of Diageo by 16,757.2% during the second quarter. Imprint Wealth LLC now owns 500,490 shares of the company’s stock worth $50,049,000 after purchasing an additional 497,521 shares during the period. Morgan Stanley grew its position in Diageo by 13.2% in the 4th quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock valued at $663,848,000 after buying an additional 433,105 shares during the last quarter. CI Private Wealth LLC acquired a new position in Diageo in the 4th quarter valued at $36,520,000. Finally, JPMorgan Chase & Co. increased its stake in Diageo by 119.5% in the 1st quarter. JPMorgan Chase & Co. now owns 361,869 shares of the company’s stock valued at $65,563,000 after buying an additional 196,999 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO opened at $147.82 on Tuesday. Diageo plc has a twelve month low of $135.63 and a twelve month high of $190.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The firm’s 50-day moving average is $147.60 and its two-hundred day moving average is $147.60.

Diageo Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date is Thursday, February 29th.

Analyst Ratings Changes

Several analysts have recently weighed in on DEO shares. Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. UBS Group cut Diageo from a “neutral” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3,778.00.

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Diageo Company Profile

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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