EverSource Wealth Advisors LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

EverSource Wealth Advisors LLC grew its holdings in Diageo plc (NYSE:DEO) by 30.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,923 shares of the company’s stock after acquiring an additional 445 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Diageo were worth $244,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DEO. Citigroup Inc. increased its stake in shares of Diageo by 4.4% during the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after purchasing an additional 6,617 shares in the last quarter. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Diageo by 32.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after buying an additional 16,285 shares in the last quarter. FMR LLC raised its holdings in shares of Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after acquiring an additional 437,646 shares during the last quarter. Finally, Maia Wealth LLC lifted its position in shares of Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after acquiring an additional 2,593 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

DEO stock opened at $107.55 on Friday. Diageo plc has a 52-week low of $105.72 and a 52-week high of $149.44. 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 stock has a market cap of $59.83 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The business has a fifty day moving average of $114.26 and a two-hundred day moving average of $123.52.

Diageo Announces Dividend

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

Analyst Ratings Changes

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

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.