Fagan Associates Inc. grew its stake in Diageo plc (NYSE:DEO) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,145 shares of the company’s stock after acquiring an additional 330 shares during the period. Fagan Associates Inc.’s holdings in Diageo were worth $1,722,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DEO. Capital Investment Advisory Services LLC purchased a new stake in Diageo during the 4th quarter worth approximately $31,000. Ledyard National Bank increased its stake in Diageo by 62.9% during the 4th quarter. Ledyard National Bank now owns 285 shares of the company’s stock worth $40,000 after buying an additional 110 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Diageo during the 4th quarter worth approximately $47,000. Taylor Hoffman Wealth Management increased its stake in Diageo by 65.7% during the 4th quarter. Taylor Hoffman Wealth Management now owns 474 shares of the company’s stock worth $66,000 after buying an additional 188 shares during the period. Finally, Legacy Financial Advisors Inc. increased its stake in Diageo by 31.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 513 shares of the company’s stock worth $73,000 after buying an additional 124 shares during the period. 11.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DEO opened at $154.97 on Monday. Diageo plc has a 52 week low of $131.22 and a 52 week high of $155.03. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $94.44 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.69 and a beta of 0.54.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st will be given a $1.3688 dividend. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s dividend payout ratio is presently 65.83%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, December 17th. Liberum Capital raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Macquarie reissued a “buy” rating on shares of Diageo in a research report on Sunday, December 16th. Finally, Sanford C. Bernstein downgraded shares of Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $164.75.

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Diageo Profile

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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