Diageo plc (NYSE:DEO) Shares Acquired by Beacon Financial Group

Beacon Financial Group raised its holdings in Diageo plc (NYSE:DEO - Free Report) by 112.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,050 shares of the company's stock after purchasing an additional 3,735 shares during the quarter. Beacon Financial Group's holdings in Diageo were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank boosted its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter worth approximately $38,000. Modus Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter worth approximately $35,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Price Performance

DEO stock traded down $1.93 on Friday, reaching $107.45. The company had a trading volume of 864,158 shares, compared to its average volume of 1,096,495. Diageo plc has a 1 year low of $105.72 and a 1 year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55. The company's fifty day moving average is $121.08 and its 200 day moving average is $125.99.

Diageo Dividend Announcement

The firm 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 yield of 3.8%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, UBS Group raised 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, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $129.00.

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.