Azimuth Capital Management LLC Grows Stake in Diageo plc (NYSE:DEO)


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Azimuth Capital Management LLC grew its holdings in Diageo plc (NYSE:DEO) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,734 shares of the company’s stock after acquiring an additional 840 shares during the quarter. Azimuth Capital Management LLC’s holdings in Diageo were worth $3,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. McCarthy Asset Management Inc. purchased a new position in shares of Diageo in the 4th quarter valued at about $29,000. Freestone Capital Holdings LLC purchased a new position in Diageo during the 3rd quarter worth approximately $28,000. Perigon Wealth Management LLC purchased a new position in Diageo during the 4th quarter worth approximately $47,000. Biltmore Capital Advisors LLC purchased a new position in Diageo during the 3rd quarter worth approximately $41,000. Finally, BNC Wealth Management LLC purchased a new position in Diageo during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 10.05% of the company’s stock.

DEO stock traded up $0.14 during midday trading on Tuesday, hitting $165.65. 6,457 shares of the stock were exchanged, compared to its average volume of 484,818. The stock’s 50-day moving average price is $162.43 and its 200-day moving average price is $148.67. The stock has a market cap of $96.86 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 3.47 and a beta of 0.66. Diageo plc has a fifty-two week low of $100.52 and a fifty-two week high of $170.37. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 1.77.

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, April 13th. Shareholders of record on Friday, February 26th will be given a dividend of $1.5348 per share. This is an increase from Diageo’s previous semi-annual dividend of $1.36. The ex-dividend date of this dividend is Thursday, February 25th. This represents a yield of 2.1%. Diageo’s dividend payout ratio (DPR) is presently 79.45%.

A number of analysts have weighed in on DEO shares. Morgan Stanley started coverage on Diageo in a research report on Tuesday, February 2nd. They set an “overweight” rating for the company. Credit Suisse Group reissued an “outperform” rating on shares of Diageo in a report on Friday, January 29th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Diageo in a report on Thursday, December 3rd. Berenberg Bank reissued a “hold” rating on shares of Diageo in a report on Monday, February 1st. Finally, Barclays reissued an “overweight” rating on shares of Diageo in a report on Friday, January 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $145.00.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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