Lincluden Management Ltd. Purchases 41,871 Shares of Diageo plc $DEO

Lincluden Management Ltd. boosted its position in Diageo plc (NYSE:DEO) by 72.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 99,706 shares of the company’s stock after buying an additional 41,871 shares during the quarter. Diageo comprises 0.9% of Lincluden Management Ltd.’s investment portfolio, making the stock its 24th largest holding. Lincluden Management Ltd.’s holdings in Diageo were worth $8,602,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DEO. Arlington Trust Co LLC boosted its holdings in Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after buying an additional 272 shares during the last quarter. Spire Wealth Management boosted its holdings in Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after buying an additional 178 shares during the last quarter. New England Capital Financial Advisors LLC bought a new position in Diageo during the third quarter worth about $29,000. Sound Income Strategies LLC boosted its holdings in Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after buying an additional 320 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Diageo during the fourth quarter worth about $30,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. Argus upgraded Diageo to a “hold” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Price Performance

Shares of DEO stock opened at $78.97 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The company’s 50 day moving average price is $80.57 and its two-hundred day moving average price is $87.78. Diageo plc has a 52 week low of $72.45 and a 52 week high of $116.69.

Diageo Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be issued a dividend of $0.80 per share. This represents a yield of 195.0%. The ex-dividend date is Friday, April 17th.

Diageo 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.