Diageo plc (NYSE:DEO) Stock Position Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its position in shares of Diageo plc (NYSE:DEO - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,443 shares of the company's stock after purchasing an additional 5,026 shares during the period. Jones Financial Companies Lllp's holdings in Diageo were worth $3,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Diageo in the 3rd quarter valued at about $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% in the fourth 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. Modus Advisors LLC purchased a new position in Diageo in the fourth quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in Diageo during the 4th quarter worth approximately $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of DEO stock traded down $1.38 on Friday, hitting $112.81. 1,381,780 shares of the stock traded hands, compared to its average volume of 1,096,320. The company's fifty day moving average is $115.90 and its 200 day moving average is $124.40. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. The company has a market capitalization of $62.75 billion, a PE ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

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Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's payout ratio is 46.42%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DEO. UBS Group raised Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. TD Cowen raised their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Diageo currently 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.