Mercer Global Advisors Inc. ADV acquired a new stake in shares of Diageo plc (NYSE:DEO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,284 shares of the company’s stock, valued at approximately $324,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centerpoint Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $26,000. Acima Private Wealth LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $29,000. Claybrook Capital LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $30,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $31,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Diageo during the 1st quarter valued at $36,000. 10.61% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on DEO shares. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Barclays began coverage on Diageo in a research report on Monday, April 1st. They set an “overweight” rating for the company. Investec lowered Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Finally, Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Diageo has an average rating of “Hold” and an average target price of $164.75.
The business also recently announced a semiannual dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 1st were given a dividend of $1.3688 per share. This represents a yield of 1.81%. The ex-dividend date of this dividend was Thursday, February 28th. Diageo’s dividend payout ratio is currently 42.68%.
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.
Read More: Commodities
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.