Kestra Investment Management LLC Takes $36,000 Position in Diageo plc (NYSE:DEO)

Kestra Investment Management LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 284 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. boosted 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 valued at $22,234,000 after purchasing an additional 6,617 shares in the last quarter. Canoe Financial LP boosted its stake in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after acquiring an additional 16,285 shares in the last quarter. FMR LLC boosted its stake in Diageo by 9.1% in 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 in the last quarter. Finally, Tevis Investment Management boosted its stake in Diageo by 159.7% in the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock valued at $1,763,000 after acquiring an additional 8,528 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. 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 research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Trading Up 2.4 %

NYSE DEO opened at $110.54 on Friday. The company has a fifty day simple moving average of $119.17 and a two-hundred day simple moving average of $125.49. The stock has a market cap of $61.49 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The business also recently declared 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 is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio is currently 73.28%.

About Diageo

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.