Brown Advisory Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,583 shares of the company’s stock after purchasing an additional 425 shares during the quarter. Brown Advisory Inc.’s holdings in Diageo were worth $4,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its holdings in shares of Diageo by 22.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,518 shares of the company’s stock worth $357,000 after purchasing an additional 459 shares during the period. Trexquant Investment LP purchased a new position in shares of Diageo during the 3rd quarter worth $654,000. Bank of New York Mellon Corp grew its holdings in shares of Diageo by 661.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 255,087 shares of the company’s stock worth $36,139,000 after purchasing an additional 221,590 shares during the period. Brown Advisory Securities LLC grew its holdings in shares of Diageo by 5.6% during the 3rd quarter. Brown Advisory Securities LLC now owns 7,206 shares of the company’s stock worth $1,021,000 after purchasing an additional 385 shares during the period. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Diageo by 12.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 11,250 shares of the company’s stock worth $1,596,000 after purchasing an additional 1,264 shares during the period. Institutional investors and hedge funds own 10.65% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 price target for the company in a report on Tuesday, February 5th. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Macquarie reiterated a “buy” rating on shares of Diageo in a report on Sunday, December 16th. Finally, Sanford C. Bernstein cut Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $164.75.

Shares of Diageo stock opened at $163.26 on Friday. Diageo plc has a 12 month low of $131.43 and a 12 month high of $164.07. The stock has a market cap of $98.40 billion, a P/E ratio of 25.71, a PEG ratio of 2.77 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.73.

The company also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be issued a dividend of $1.3688 per share. This represents a yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s dividend payout ratio (DPR) is 42.83%.

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About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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