Erste Asset Management GmbH Grows Holdings in Diageo plc (NYSE:DEO)

by · The Markets Daily

Erste Asset Management GmbH increased its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,637 shares of the company’s stock after acquiring an additional 10,400 shares during the period. Erste Asset Management GmbH’s holdings in Diageo were worth $7,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citigroup Inc. grew its stake in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after buying an additional 6,617 shares during the last quarter. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares during the last quarter. FMR LLC increased its holdings in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares in the last quarter. Finally, Maia Wealth LLC raised its position in shares of Diageo by 24.7% in the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock worth $1,648,000 after purchasing an additional 2,593 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $107.85 on Friday. The company’s 50-day simple moving average is $114.53 and its two-hundred day simple moving average is $123.79. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The stock has a market capitalization of $60.00 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.39 and a beta of 0.65. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Wall Street Analyst Weigh In

Several analysts recently commented on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of $129.00.

Check Out Our Latest Research Report on Diageo

About Diageo

(Free Report)

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

Featured Articles