OLD Mission Capital LLC Increases Position in Diageo plc (NYSE:DEO)

OLD Mission Capital LLC boosted its holdings in Diageo plc (NYSE:DEO - Free Report) by 5,531.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,149 shares of the company's stock after purchasing an additional 132,749 shares during the period. Diageo makes up 0.3% of OLD Mission Capital LLC's portfolio, making the stock its 29th largest position. OLD Mission Capital LLC's holdings in Diageo were worth $17,181,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CoreFirst Bank & Trust purchased a new position in Diageo in the 4th quarter worth approximately $25,000. Eastern Bank boosted its position in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock valued at $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new stake in Diageo in the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new position in shares of Diageo in the fourth quarter valued at about $36,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at about $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a report on Wednesday, December 11th. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Berenberg Bank started coverage on shares of Diageo in a report on Wednesday. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of "Hold" and a consensus price target of $129.00.

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Diageo Stock Performance

Diageo stock traded down $3.82 during trading on Friday, reaching $104.19. The company had a trading volume of 3,580,332 shares, compared to its average volume of 911,621. The firm has a market capitalization of $57.96 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm's 50-day simple moving average is $110.12 and its 200 day simple moving average is $120.97. Diageo plc has a 52 week low of $103.70 and a 52 week high of $144.28.

Diageo Dividend Announcement

The business also recently disclosed 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 currently 46.42%.

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.