DMKC Advisory Services LLC Takes $2.10 Million Position in Diageo plc (NYSE:DEO)

DMKC Advisory Services LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,552 shares of the company’s stock, valued at approximately $2,104,000. Diageo accounts for approximately 1.9% of DMKC Advisory Services LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also bought and sold shares of DEO. Lake Street Advisors Group LLC raised its position in shares of Diageo by 1.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 6,594 shares of the company’s stock worth $838,000 after acquiring an additional 109 shares in the last quarter. Pinnacle West Asset Management Inc. grew its stake in Diageo by 11.5% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 3,140 shares of the company’s stock worth $399,000 after purchasing an additional 325 shares during the period. Bank of New York Mellon Corp grew its stake in Diageo by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company’s stock worth $44,317,000 after purchasing an additional 8,656 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in Diageo by 1.9% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 14,072 shares of the company’s stock worth $1,789,000 after purchasing an additional 256 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Diageo by 42.6% in the fourth quarter. IFP Advisors Inc now owns 1,238 shares of the company’s stock valued at $157,000 after buying an additional 370 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO opened at $110.07 on Wednesday. The stock has a market cap of $61.23 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.39 and a beta of 0.66. The business’s fifty day moving average is $118.39 and its 200 day moving average is $125.33. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71.

Diageo Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on DEO shares. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Diageo has an average rating of “Hold” and a consensus 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.