HPM Partners LLC increased its position in Diageo plc (NYSE:DEO) by 24.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,637 shares of the company’s stock after acquiring an additional 1,500 shares during the period. HPM Partners LLC’s holdings in Diageo were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in Diageo by 4.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,193,871 shares of the company’s stock worth $174,341,000 after purchasing an additional 51,327 shares during the period. Dimensional Fund Advisors LP boosted its stake in Diageo by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 486,548 shares of the company’s stock worth $64,288,000 after purchasing an additional 8,978 shares during the period. Renaissance Technologies LLC boosted its stake in Diageo by 27.8% in the 4th quarter. Renaissance Technologies LLC now owns 473,300 shares of the company’s stock worth $69,116,000 after purchasing an additional 102,820 shares during the period. Fisher Asset Management LLC boosted its stake in Diageo by 2,801.7% in the 4th quarter. Fisher Asset Management LLC now owns 422,482 shares of the company’s stock worth $61,695,000 after purchasing an additional 407,922 shares during the period. Finally, Deutsche Bank AG boosted its stake in Diageo by 88.9% in the 4th quarter. Deutsche Bank AG now owns 360,915 shares of the company’s stock worth $52,703,000 after purchasing an additional 169,832 shares during the period. 11.87% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms recently commented on DEO. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Wednesday, January 10th. Natixis lowered shares of Diageo from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 7th. Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Diageo presently has a consensus rating of “Hold” and an average price target of $153.00.

Shares of Diageo plc (NYSE DEO) opened at $136.63 on Tuesday. Diageo plc has a 52 week low of $112.46 and a 52 week high of $147.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.31.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be paid a dividend of $1.4232 per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, February 22nd.

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Diageo Company Profile

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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