Sanctuary Advisors LLC Purchases 2,702 Shares of Diageo plc (NYSE:DEO)

Sanctuary Advisors LLC grew its position in Diageo plc (NYSE:DEO) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,710 shares of the company’s stock after purchasing an additional 2,702 shares during the quarter. Sanctuary Advisors LLC’s holdings in Diageo were worth $9,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DEO. Brooklyn Investment Group bought a new position in shares of Diageo during the third quarter worth $25,000. Eastern Bank boosted its position 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 acquiring an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Diageo during the fourth quarter worth $35,000. Concord Wealth Partners bought a new position in shares of Diageo during the third quarter worth $38,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo during the fourth quarter worth $47,000. 8.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

DEO stock opened at $107.82 on Wednesday. Diageo plc has a 52 week low of $105.72 and a 52 week high of $154.71. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a fifty day simple moving average of $120.76 and a two-hundred day simple moving average of $125.90.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders 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 Company 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.