Generation Capital Management LLC Purchases Shares of 4,655 Diageo plc (NYSE:DEO)

Generation Capital Management LLC purchased a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,655 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DEO. Canoe Financial LP lifted its position in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Bank of Montreal Can grew its holdings in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after acquiring an additional 1,296,285 shares during the period. Raymond James Financial Inc. bought a new position in shares of Diageo in the 4th quarter worth about $123,892,000. FMR LLC boosted its position in shares of Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company’s stock valued at $739,126,000 after purchasing an additional 571,873 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in Diageo in the fourth quarter worth approximately $37,777,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of NYSE DEO opened at $109.39 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. The firm’s 50-day simple moving average is $107.85 and its 200 day simple moving average is $118.92. The stock has a market cap of $60.85 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.39 and a beta of 0.63. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank began coverage on Diageo in a report on Wednesday, April 2nd. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo has an average 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.