Steward Partners Investment Advisory LLC Has $3.82 Million Stock Holdings in Diageo plc (NYSE:DEO)

Steward Partners Investment Advisory LLC boosted its stake in Diageo plc (NYSE:DEO) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,059 shares of the company’s stock after purchasing an additional 2,272 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Diageo were worth $3,821,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Grandfield & Dodd LLC grew its holdings in Diageo by 3.3% in the fourth quarter. Grandfield & Dodd LLC now owns 247,930 shares of the company’s stock worth $31,519,000 after purchasing an additional 7,917 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Diageo during the fourth quarter valued at about $485,000. Jones Financial Companies Lllp grew its holdings in shares of Diageo by 21.5% during the fourth quarter. Jones Financial Companies Lllp now owns 28,443 shares of the company’s stock valued at $3,616,000 after buying an additional 5,026 shares during the last quarter. Norden Group LLC grew its holdings in shares of Diageo by 7.3% during the fourth quarter. Norden Group LLC now owns 5,492 shares of the company’s stock valued at $698,000 after buying an additional 372 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Diageo by 130.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,824 shares of the company’s stock valued at $231,000 after buying an additional 1,031 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 0.2 %

DEO opened at $114.16 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company’s 50-day moving average is $116.18 and its 200 day moving average is $124.51. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $151.76. The firm has a market capitalization of $63.51 billion, a P/E ratio of 16.67, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

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 given a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s payout ratio is currently 46.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday. TD Cowen lifted their price objective 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, UBS Group upgraded shares of 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, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.