Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Diageo plc (NYSE:DEO)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, Holdings Channel reports. The firm purchased 4,850 shares of the company’s stock, valued at approximately $617,000.

A number of other institutional investors have also made changes to their positions in the company. Bradyco Inc. bought a new stake in shares of Diageo in the 4th quarter valued at approximately $1,488,000. Callan Family Office LLC bought a new stake in shares of Diageo in the 4th quarter valued at approximately $426,000. Raymond James Financial Inc. bought a new stake in shares of Diageo in the 4th quarter valued at approximately $123,892,000. Vision Financial Markets LLC bought a new stake in shares of Diageo in the 4th quarter valued at approximately $358,000. Finally, M&T Bank Corp increased its holdings in shares of Diageo by 3.2% in the 4th quarter. M&T Bank Corp now owns 31,423 shares of the company’s stock valued at $3,995,000 after acquiring an additional 986 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Trading Down 1.2 %

Shares of DEO stock opened at $112.81 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The stock has a fifty day moving average of $115.90 and a two-hundred day moving average of $124.37. The firm has a market capitalization of $62.75 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DEO shares. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. TD Cowen boosted 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. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.00.

About Diageo

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.