Naviter Wealth LLC Purchases 1,198 Shares of Diageo plc (NYSE:DEO)

Naviter Wealth LLC grew its position in Diageo plc (NYSE:DEO) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,742 shares of the company’s stock after buying an additional 1,198 shares during the period. Naviter Wealth LLC’s holdings in Diageo were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DEO. Brooklyn Investment Group bought a new position in Diageo during the third quarter worth about $25,000. Eastern Bank lifted its position in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Diageo during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new position in shares of Diageo during the 4th quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth approximately $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 1.2 %

DEO stock opened at $112.81 on Friday. The business’s fifty day moving average price is $115.90 and its two-hundred day moving average price is $124.37. The stock has a market capitalization of $62.75 billion, a price-to-earnings ratio of 16.47, 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 $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 Dividend Announcement

The firm 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 yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio is 46.42%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DEO. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus target price of $129.00.

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.