MONECO Advisors LLC Makes New Investment in Diageo plc (NYSE:DEO)

MONECO Advisors LLC bought a new position in Diageo plc (NYSE:DEO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,769 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Diageo in the third quarter worth $25,000. Eastern Bank grew its holdings in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC bought a new stake in shares of Diageo in the fourth quarter worth $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo in the fourth quarter worth $36,000. Finally, Concord Wealth Partners bought a new stake in shares of Diageo in the third quarter worth $38,000. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. 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 lifted 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, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Price Performance

NYSE DEO opened at $110.07 on Wednesday. The company has a market capitalization of $61.23 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The business’s fifty day moving average is $118.39 and its 200 day moving average is $125.33. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71.

Diageo Dividend Announcement

The business 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 dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 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.