Glass Jacobson Investment Advisors llc Boosts Stake in Diageo plc (NYSE:DEO)

Glass Jacobson Investment Advisors llc lifted its holdings in shares of Diageo plc (NYSE:DEO) by 39.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558 shares of the company’s stock after buying an additional 158 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Diageo were worth $71,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Legacy Financial Advisors Inc. boosted its holdings in shares of Diageo by 39.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,938 shares of the company’s stock valued at $374,000 after acquiring an additional 829 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Diageo by 1.8% during the fourth quarter. Neuberger Berman Group LLC now owns 63,092 shares of the company’s stock valued at $8,021,000 after purchasing an additional 1,101 shares during the period. Advisory Services Network LLC boosted its holdings in Diageo by 2.8% in the fourth quarter. Advisory Services Network LLC now owns 14,761 shares of the company’s stock worth $1,876,000 after purchasing an additional 408 shares during the last quarter. Invesco Ltd. boosted its holdings in Diageo by 12.2% in the fourth quarter. Invesco Ltd. now owns 202,582 shares of the company’s stock worth $25,754,000 after purchasing an additional 22,049 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Diageo by 1,181.5% in the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock worth $178,745,000 after purchasing an additional 1,296,285 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 2.3 %

DEO opened at $109.52 on Friday. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27. The firm’s 50 day simple moving average is $107.97 and its two-hundred day simple moving average is $119.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $60.92 billion, a PE ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.63.

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 is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Wall Street Analysts Forecast Growth

DEO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. TD Cowen increased 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. Finally, Berenberg Bank started coverage on Diageo in a research report on Wednesday, April 2nd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.