Assetmark Inc. Has $8.94 Million Stock Holdings in Diageo plc (NYSE:DEO)

Assetmark Inc. increased its stake in Diageo plc (NYSE:DEO - Free Report) by 393.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,281 shares of the company's stock after purchasing an additional 56,046 shares during the quarter. Assetmark Inc.'s holdings in Diageo were worth $8,935,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Alliance Wealth Advisors LLC UT raised its position in Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock worth $430,000 after acquiring an additional 86 shares in the last quarter. Savant Capital LLC raised its holdings in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after buying an additional 88 shares during the period. Diversified Trust Co raised its holdings in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after buying an additional 98 shares during the period. Cromwell Holdings LLC raised its holdings in Diageo by 8.6% during the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company's stock worth $163,000 after buying an additional 102 shares during the period. Finally, Mill Creek Capital Advisors LLC raised its holdings in Diageo by 1.7% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company's stock worth $809,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Analysts Set New Price Targets

DEO has been the topic of several recent analyst reports. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $129.00.

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Diageo Price Performance

Shares of DEO stock traded down $1.38 during trading hours on Friday, hitting $112.81. 1,381,780 shares of the company's stock were exchanged, compared to its average volume of 1,096,320. The stock's 50-day moving average is $115.90 and its 200-day moving average is $124.37. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The stock has a market cap of $62.75 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. Diageo plc has a 52 week low of $105.72 and a 52 week high of $151.76.

Diageo Announces Dividend

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