CIBC Private Wealth Group LLC Acquires 13,145 Shares of Diageo plc $DEO

CIBC Private Wealth Group LLC grew its holdings in Diageo plc (NYSE:DEO) by 4.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324,473 shares of the company’s stock after buying an additional 13,145 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.06% of Diageo worth $30,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DEO. Brighton Jones LLC purchased a new position in Diageo in the fourth quarter worth about $202,000. Creative Planning raised its position in Diageo by 22.5% during the second quarter. Creative Planning now owns 41,331 shares of the company’s stock valued at $4,168,000 after purchasing an additional 7,582 shares during the period. Cetera Investment Advisers raised its position in Diageo by 9.1% during the second quarter. Cetera Investment Advisers now owns 132,297 shares of the company’s stock valued at $13,341,000 after purchasing an additional 11,014 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Diageo by 3.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after purchasing an additional 96 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Diageo in the 2nd quarter valued at approximately $282,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

DEO opened at $74.68 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. The stock’s 50 day moving average price is $89.63 and its 200-day moving average price is $92.44. Diageo plc has a one year low of $74.46 and a one year high of $116.69.

Diageo Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 207.0%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein set a $124.00 target price on Diageo and gave the company an “outperform” rating in a research report on Monday, December 29th. Barclays restated an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.