Diageo plc (NYSE:DEO) Shares Acquired by Stokes Family Office LLC

Stokes Family Office LLC lifted its position in Diageo plc (NYSE:DEO) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,936 shares of the company’s stock after purchasing an additional 349 shares during the quarter. Stokes Family Office LLC’s holdings in Diageo were worth $882,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Horizon Investments LLC grew its holdings in shares of Diageo by 15.1% in the 4th quarter. Horizon Investments LLC now owns 9,237 shares of the company’s stock worth $1,174,000 after acquiring an additional 1,214 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Diageo by 47.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,744 shares of the company’s stock worth $331,000 after acquiring an additional 885 shares during the last quarter. Mystic Asset Management Inc. lifted its holdings in Diageo by 1.7% during the 4th quarter. Mystic Asset Management Inc. now owns 13,029 shares of the company’s stock worth $1,656,000 after buying an additional 216 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Diageo by 3.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,413 shares of the company’s stock valued at $688,000 after acquiring an additional 192 shares during the period. Finally, Tocqueville Asset Management L.P. raised its holdings in Diageo by 2.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 25,650 shares of the company’s stock worth $3,261,000 after purchasing an additional 495 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. TD Cowen raised their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Down 0.9 %

DEO opened at $108.28 on Wednesday. The company’s 50-day moving average is $113.60 and its 200 day moving average is $123.12. The firm has a market capitalization of $60.24 billion, a P/E ratio of 15.81, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $149.44. 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 issued 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 currently 46.42%.

Diageo Company 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.