Diageo plc (NYSE:DEO) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its position in Diageo plc (NYSE:DEO) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,072 shares of the company’s stock after acquiring an additional 256 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Diageo were worth $1,789,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Diageo by 42.6% in the 4th quarter. IFP Advisors Inc now owns 1,238 shares of the company’s stock worth $157,000 after buying an additional 370 shares during the last quarter. BCGM Wealth Management LLC boosted its holdings in shares of Diageo by 7.8% during the 4th quarter. BCGM Wealth Management LLC now owns 12,255 shares of the company’s stock worth $1,558,000 after purchasing an additional 887 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Diageo during the 4th quarter worth approximately $285,000. MONECO Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth approximately $225,000. Finally, Wealthspire Advisors LLC boosted its holdings in shares of Diageo by 2.4% during the 4th quarter. Wealthspire Advisors LLC now owns 9,159 shares of the company’s stock worth $1,164,000 after purchasing an additional 213 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DEO. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Down 0.2 %

DEO opened at $110.07 on Wednesday. Diageo plc has a one year low of $105.72 and a one year high of $154.71. The stock has a market capitalization of $61.23 billion, a PE ratio of 16.07, a P/E/G ratio of 2.39 and a beta of 0.66. The business’s 50 day moving average price is $118.39 and its 200 day moving average price is $125.33. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be issued a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio is presently 46.42%.

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.