Diageo plc (NYSE:DEO) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in Diageo plc (NYSE:DEO) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,830 shares of the company’s stock after buying an additional 1,364 shares during the period. QRG Capital Management Inc.’s holdings in Diageo were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Diageo in the third quarter worth approximately $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in shares of Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 0.3 %

Shares of NYSE:DEO opened at $109.10 on Tuesday. The firm has a market capitalization of $60.69 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The firm’s 50-day moving average is $117.06 and its two-hundred day moving average is $124.80.

Diageo Dividend Announcement

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

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent analyst reports. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Profile

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.