Farringdon Capital Ltd. Purchases New Position in Diageo plc (NYSE:DEO)

Farringdon Capital Ltd. acquired a new position in Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,961 shares of the company’s stock, valued at approximately $249,000.

A number of other large investors have also recently made changes to their positions in DEO. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. Bank of Montreal Can lifted its position in shares of 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. Raymond James Financial Inc. bought a new stake in shares of Diageo during the 4th quarter valued at about $123,892,000. FMR LLC increased its position in shares of Diageo by 10.9% during the fourth quarter. FMR LLC now owns 5,813,938 shares of the company’s stock valued at $739,126,000 after buying an additional 571,873 shares during the period. Finally, ABC Arbitrage SA bought a new position in Diageo in the fourth quarter worth about $37,777,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Diageo stock opened at $109.39 on Friday. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $60.85 billion, a P/E ratio of 15.97, a PEG ratio of 2.39 and a beta of 0.63. The stock’s 50 day moving average is $107.87 and its 200 day moving average is $118.57.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. TD Cowen upped their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price 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.