Diageo plc (NYSE:DEO) Shares Bought by Mariner LLC

Mariner LLC lifted its stake in shares of Diageo plc (NYSE:DEO) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,828 shares of the company’s stock after acquiring an additional 7,127 shares during the quarter. Mariner LLC’s holdings in Diageo were worth $7,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. CoreFirst Bank & Trust acquired a new stake in Diageo in the fourth quarter valued at $25,000. Eastern Bank raised its stake in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new position in Diageo during the fourth quarter worth about $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. Finally, TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Up 1.1 %

Shares of NYSE:DEO opened at $109.39 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $60.85 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.39 and a beta of 0.63. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27. The stock’s fifty day simple moving average is $107.87 and its 200-day simple moving average is $118.71.

Diageo Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 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.