Diageo plc (NYSE:DEO) Shares Purchased by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its stake in Diageo plc (NYSE:DEO) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,736 shares of the company’s stock after purchasing an additional 271 shares during the period. Legacy Capital Group California Inc.’s holdings in Diageo were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DEO. Brooklyn Investment Group purchased a new stake in shares of Diageo in the 3rd quarter valued at about $25,000. Eastern Bank increased its position in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Concord Wealth Partners acquired a new position in Diageo during the third quarter worth approximately $38,000. Modus Advisors LLC purchased a new stake in Diageo in the fourth quarter valued at approximately $35,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. One equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

Diageo stock opened at $110.54 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The business has a 50 day simple moving average of $119.17 and a 200-day simple moving average of $125.46. Diageo plc has a 12 month low of $105.72 and a 12 month high of $154.71.

Diageo Dividend Announcement

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

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.