Diageo plc (NYSE:DEO) Shares Acquired by Azimuth Capital Management LLC


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Azimuth Capital Management LLC lifted its position in shares of Diageo plc (NYSE:DEO) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 19,734 shares of the company’s stock after acquiring an additional 840 shares during the quarter. Azimuth Capital Management LLC’s holdings in Diageo were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in shares of Diageo by 26.4% during the 4th quarter. Clearbridge Investments LLC now owns 1,237,973 shares of the company’s stock valued at $196,602,000 after acquiring an additional 258,833 shares in the last quarter. Pendal Group Limited acquired a new stake in shares of Diageo during the 3rd quarter valued at approximately $28,927,000. Northern Trust Corp raised its position in shares of Diageo by 1.0% during the 4th quarter. Northern Trust Corp now owns 727,222 shares of the company’s stock valued at $115,489,000 after acquiring an additional 7,306 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Diageo by 22.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 593,851 shares of the company’s stock valued at $94,309,000 after acquiring an additional 108,832 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of Diageo by 5.4% during the 4th quarter. Douglas Lane & Associates LLC now owns 458,170 shares of the company’s stock valued at $72,762,000 after acquiring an additional 23,377 shares in the last quarter. 10.05% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on DEO. Barclays restated an “overweight” rating on shares of Diageo in a research note on Friday, January 29th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Diageo in a research note on Thursday, December 3rd. Credit Suisse Group restated an “outperform” rating on shares of Diageo in a research note on Friday, January 29th. Berenberg Bank restated a “hold” rating on shares of Diageo in a research note on Monday, February 1st. Finally, Morgan Stanley began coverage on Diageo in a research note on Tuesday, February 2nd. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $145.00.

Shares of NYSE:DEO traded up $0.14 on Tuesday, hitting $165.65. The company’s stock had a trading volume of 6,457 shares, compared to its average volume of 484,818. Diageo plc has a 12 month low of $100.52 and a 12 month high of $170.37. The company has a market capitalization of $96.86 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 3.47 and a beta of 0.66. The stock’s 50-day moving average is $162.43 and its two-hundred day moving average is $148.67. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 1.77.

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, April 13th. Investors of record on Friday, February 26th will be paid a dividend of $1.5348 per share. The ex-dividend date is Thursday, February 25th. This represents a yield of 2.1%. This is a boost from Diageo’s previous semi-annual dividend of $1.36. Diageo’s dividend payout ratio (DPR) is currently 79.45%.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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