CIBC Private Wealth Group LLC Has $11.96 Million Stake in Diageo plc (DEO)

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CIBC Private Wealth Group LLC lifted its position in shares of Diageo plc (NYSE:DEO) by 14.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 84,322 shares of the company’s stock after acquiring an additional 10,789 shares during the period. CIBC Private Wealth Group LLC’s holdings in Diageo were worth $11,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Garde Capital Inc. grew its stake in shares of Diageo by 3.2% during the 3rd quarter. Garde Capital Inc. now owns 2,735 shares of the company’s stock worth $392,000 after purchasing an additional 85 shares during the period. Sonora Investment Management LLC grew its stake in shares of Diageo by 19.1% during the 4th quarter. Sonora Investment Management LLC now owns 536 shares of the company’s stock worth $76,000 after purchasing an additional 86 shares during the period. Private Capital Group LLC lifted its position in shares of Diageo by 6.5% during the 4th quarter. Private Capital Group LLC now owns 1,446 shares of the company’s stock valued at $205,000 after buying an additional 88 shares in the last quarter. We Are One Seven LLC lifted its position in shares of Diageo by 1.6% during the 4th quarter. We Are One Seven LLC now owns 5,723 shares of the company’s stock valued at $811,000 after buying an additional 92 shares in the last quarter. Finally, Saratoga Research & Investment Management lifted its position in shares of Diageo by 1.2% during the 4th quarter. Saratoga Research & Investment Management now owns 8,315 shares of the company’s stock valued at $1,179,000 after buying an additional 102 shares in the last quarter. 11.31% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on DEO. Zacks Investment Research upgraded Diageo from a “hold” rating to a “strong-buy” rating and set a $174.00 target price on the stock in a research report on Tuesday, February 5th. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. Finally, Macquarie reiterated a “buy” rating on shares of Diageo in a research report on Sunday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $164.75.

Shares of NYSE:DEO opened at $155.91 on Thursday. Diageo plc has a 1 year low of $131.22 and a 1 year high of $156.38. The company has a market cap of $93.86 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. 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 firm also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Friday, March 1st will be given a dividend of $1.3688 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a dividend yield of 1.81%. Diageo’s dividend payout ratio (DPR) is 65.83%.

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Diageo Company 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.

Further Reading: Futures Contract

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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