Timber Creek Capital Management LLC Has $5.29 Million Stock Holdings in Diageo plc (NYSE:DEO)

Timber Creek Capital Management LLC raised its position in shares of Diageo plc (NYSE:DEO - Free Report) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,588 shares of the company's stock after acquiring an additional 8,613 shares during the period. Diageo makes up 1.5% of Timber Creek Capital Management LLC's portfolio, making the stock its 28th biggest holding. Timber Creek Capital Management LLC's holdings in Diageo were worth $5,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT grew its holdings in Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock valued at $430,000 after buying an additional 86 shares during the last quarter. Savant Capital LLC boosted its position in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock valued at $237,000 after acquiring an additional 88 shares during the period. Diversified Trust Co grew its stake in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after acquiring an additional 98 shares during the last quarter. Malaga Cove Capital LLC increased its position in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock worth $421,000 after acquiring an additional 100 shares during the period. Finally, Mill Creek Capital Advisors LLC raised 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. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Up 2.4 %

Shares of Diageo stock traded up $2.56 during trading on Friday, hitting $110.54. 867,769 shares of the company's stock traded hands, compared to its average volume of 1,119,252. The firm's fifty day moving average price is $119.59 and its 200 day moving average price is $125.53. Diageo plc has a twelve month low of $105.72 and a twelve month 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 0.67.

Diageo Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.