Diageo plc (NYSE:DEO) Stock Position Lifted by Twin City Private Wealth LLC

Twin City Private Wealth LLC grew its position in shares of Diageo plc (NYSE:DEO) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,251 shares of the company’s stock after buying an additional 254 shares during the quarter. Twin City Private Wealth LLC’s holdings in Diageo were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DEO. Thrivent Financial for Lutherans bought a new stake in shares of Diageo in the 3rd quarter worth approximately $261,000. Advisors Asset Management Inc. lifted its holdings in shares of Diageo by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,050 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diageo by 84.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company’s stock worth $4,737,000 after purchasing an additional 15,487 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Diageo by 37.4% in the 3rd quarter. Raymond James Trust N.A. now owns 14,222 shares of the company’s stock worth $1,996,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DEO shares. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 0.8 %

DEO opened at $107.09 on Monday. Diageo plc has a 12 month low of $105.23 and a 12 month high of $149.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a market cap of $59.57 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.39 and a beta of 0.65. The stock’s 50 day moving average price is $112.65 and its 200 day moving average price is $122.64.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio is currently 46.42%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.