Pillar Pacific Capital Management LLC Acquires 444 Shares of Diageo plc (NYSE:DEO)


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Pillar Pacific Capital Management LLC boosted its holdings in Diageo plc (NYSE:DEO) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,174 shares of the company’s stock after purchasing an additional 444 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Diageo were worth $5,745,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Pendal Group Limited bought a new stake in shares of Diageo during the third quarter valued at approximately $28,927,000. Douglas Lane & Associates LLC increased its holdings in shares of Diageo by 5.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 458,170 shares of the company’s stock valued at $72,762,000 after acquiring an additional 23,377 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Diageo by 5.4% during the third quarter. Raymond James & Associates now owns 434,991 shares of the company’s stock valued at $59,881,000 after acquiring an additional 22,206 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Diageo by 23.1% during the third quarter. First Trust Advisors LP now owns 407,750 shares of the company’s stock valued at $56,131,000 after acquiring an additional 76,592 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Diageo by 36.3% during the third quarter. BlackRock Inc. now owns 344,046 shares of the company’s stock valued at $47,361,000 after acquiring an additional 91,597 shares in the last quarter. Institutional investors and hedge funds own 10.05% of the company’s stock.

Shares of NYSE:DEO traded up $0.19 during midday trading on Tuesday, reaching $165.70. 4,990 shares of the company traded hands, compared to its average volume of 484,818. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 1.80. Diageo plc has a 12 month low of $100.52 and a 12 month high of $170.37. The firm has a market capitalization of $96.88 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 3.47 and a beta of 0.66. The firm’s fifty day moving average price is $162.43 and its two-hundred day moving average price is $148.67.

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 13th. Investors of record on Friday, February 26th will be paid a dividend of $1.5348 per share. This represents a dividend yield of 2.1%. This is a positive change from Diageo’s previous semi-annual dividend of $1.36. The ex-dividend date is Thursday, February 25th. Diageo’s payout ratio is presently 79.45%.

Several equities research analysts have recently commented on DEO shares. Barclays restated an “overweight” rating on shares of Diageo in a report on Friday, January 29th. Morgan Stanley initiated coverage on Diageo in a report on Tuesday, February 2nd. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Diageo in a report on Friday, January 29th. Berenberg Bank reissued a “hold” rating on shares of Diageo in a research report on Monday, February 1st. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Diageo in a research report on Friday, January 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $145.00.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

Further Reading: Market Capitalization in the Stock Market

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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