Generali Investments CEE investicni spolecnost a.s. Takes $617,000 Position in Diageo plc (NYSE:DEO)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Diageo plc (NYSE:DEO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,850 shares of the company’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Diageo in the 3rd quarter valued at about $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 in the last quarter. Modus Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $47,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of NYSE:DEO 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 one year low of $105.72 and a one year high of $151.76. The business’s 50-day simple moving average is $115.90 and its 200 day simple moving average is $124.37. The company has a market cap of $62.75 billion, a P/E ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DEO shares. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.