Sanctuary Advisors LLC Purchases 2,702 Shares of Diageo plc (NYSE:DEO)

Sanctuary Advisors LLC raised its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 77,710 shares of the company's stock after purchasing an additional 2,702 shares during the period. Sanctuary Advisors LLC's holdings in Diageo were worth $9,447,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC UT boosted its stake in Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock valued at $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC boosted its stake in Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after purchasing an additional 88 shares during the last quarter. Diversified Trust Co boosted its stake in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company's stock valued at $236,000 after purchasing an additional 98 shares during the last quarter. Malaga Cove Capital LLC boosted its stake in Diageo by 3.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock valued at $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its stake in Diageo by 1.7% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company's stock valued at $809,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

Shares of NYSE:DEO traded up $2.56 during mid-day trading on Friday, reaching $110.54. The company had a trading volume of 867,769 shares, compared to its average volume of 1,119,252. 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 company's 50-day moving average price is $119.59 and its 200-day moving average price is $125.53. Diageo plc has a one year low of $105.72 and a one year high of $154.71.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%.

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.