10,112 Shares in Diageo plc $DEO Bought by Nuveen LLC

Nuveen LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,112 shares of the company’s stock, valued at approximately $1,060,000.

Several other hedge funds and other institutional investors have also modified their holdings of DEO. Northern Trust Corp raised its holdings in Diageo by 39.9% during the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company’s stock valued at $82,605,000 after buying an additional 185,282 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in Diageo during the first quarter valued at about $16,944,000. GAMMA Investing LLC raised its holdings in Diageo by 4,656.6% during the first quarter. GAMMA Investing LLC now owns 154,305 shares of the company’s stock valued at $16,170,000 after buying an additional 151,061 shares in the last quarter. Clark Estates Inc. NY raised its holdings in Diageo by 116.4% during the first quarter. Clark Estates Inc. NY now owns 185,000 shares of the company’s stock valued at $19,386,000 after buying an additional 99,500 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Diageo by 3.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,441,300 shares of the company’s stock valued at $151,034,000 after buying an additional 42,740 shares in the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DEO. Morgan Stanley restated an “underweight” rating on shares of Diageo in a report on Monday, May 12th. The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Down 0.4%

Shares of NYSE:DEO opened at $111.74 on Tuesday. The company has a market cap of $62.16 billion, a P/E ratio of 16.31, a P/E/G ratio of 3.99 and a beta of 0.59. The stock’s 50-day moving average is $106.25 and its 200-day moving average is $107.91. Diageo plc has a 52-week low of $96.45 and a 52-week high of $142.73. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Diageo Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be given a $2.5192 dividend. This is an increase from Diageo’s previous semi-annual dividend of $1.62. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. Diageo’s dividend payout ratio (DPR) is 46.42%.

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.