Maia Wealth LLC Purchases 2,593 Shares of Diageo plc (NYSE:DEO)

Maia Wealth LLC boosted its position in Diageo plc (NYSE:DEO - Free Report) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,112 shares of the company's stock after buying an additional 2,593 shares during the quarter. Maia Wealth LLC's holdings in Diageo were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Jacobi Capital Management LLC raised its stake in Diageo by 4.8% in the 4th quarter. Jacobi Capital Management LLC now owns 6,040 shares of the company's stock valued at $768,000 after acquiring an additional 277 shares during the period. US Bancorp DE boosted its position in Diageo by 4.4% during the fourth quarter. US Bancorp DE now owns 94,034 shares of the company's stock worth $11,955,000 after purchasing an additional 3,940 shares during the period. SVB Wealth LLC purchased a new position in shares of Diageo in the fourth quarter worth about $445,000. Motco raised its position in shares of Diageo by 582.7% in the fourth quarter. Motco now owns 29,665 shares of the company's stock valued at $3,771,000 after purchasing an additional 25,320 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of Diageo by 4.9% during the 4th quarter. Private Trust Co. NA now owns 3,434 shares of the company's stock valued at $437,000 after buying an additional 160 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Shares of NYSE:DEO traded up $0.79 on Monday, hitting $109.61. The company's stock had a trading volume of 655,953 shares, compared to its average volume of 1,078,862. The company has a market capitalization of $60.98 billion, a PE ratio of 16.01, a PEG ratio of 2.39 and a beta of 0.66. 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 company has a 50-day simple moving average of $117.39 and a 200 day simple moving average of $124.95. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76.

Diageo Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.