Diageo plc (NYSE:DEO) Shares Purchased by Maia Wealth LLC

Maia Wealth LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,112 shares of the company’s stock after buying an additional 2,593 shares during the quarter. Maia Wealth LLC’s holdings in Diageo were worth $1,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Brooklyn Investment Group purchased a new stake in Diageo during the 3rd quarter worth about $25,000. Eastern Bank grew its position in shares of 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 in the last quarter. Modus Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new position in Diageo in the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $108.83 on Friday. The company has a fifty day moving average of $117.39 and a two-hundred day moving average of $124.98. The company has a market capitalization of $60.54 billion, a PE ratio of 15.89, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. 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 company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio is presently 46.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DEO. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.