Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of Diageo plc (NYSE:DEO) by 56.9% during the 1st quarter, Holdings Channel reports. The firm owned 193 shares of the company’s stock after purchasing an additional 70 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Diageo were worth $32,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Centerpoint Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $26,000. Acima Private Wealth LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $29,000. Claybrook Capital LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $30,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Diageo during the 4th quarter worth about $31,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Diageo during the 1st quarter worth about $36,000. 10.61% of the stock is currently owned by institutional investors.
NYSE DEO opened at $163.64 on Tuesday. Diageo plc has a one year low of $131.43 and a one year high of $165.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 1.48. The company has a market capitalization of $99.46 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be issued a $1.3688 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a yield of 1.81%. Diageo’s payout ratio is 42.68%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, December 17th. Liberum Capital upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Barclays assumed coverage on shares of Diageo in a report on Monday, April 1st. They set an “overweight” rating on the stock. Investec lowered shares of Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Finally, Sanford C. Bernstein lowered shares of Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $164.75.
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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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