OLD Mission Capital LLC Raises Stock Holdings in Diageo plc (NYSE:DEO)

OLD Mission Capital LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 5,531.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,149 shares of the company’s stock after acquiring an additional 132,749 shares during the quarter. Diageo accounts for 0.3% of OLD Mission Capital LLC’s portfolio, making the stock its 29th biggest holding. OLD Mission Capital LLC’s holdings in Diageo were worth $17,181,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DEO. Canoe Financial LP increased its stake in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock valued at $4,795,000 after acquiring an additional 3,964 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after purchasing an additional 16,285 shares during the period. Maia Wealth LLC raised its position in Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after purchasing an additional 2,593 shares in the last quarter. Finally, Aviso Financial Inc. raised its position in Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after purchasing an additional 7,954 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.5 %

Diageo stock opened at $104.81 on Tuesday. The business’s 50-day simple moving average is $111.27 and its two-hundred day simple moving average is $121.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $58.30 billion, a PE ratio of 15.30, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a fifty-two week low of $103.70 and a fifty-two week high of $149.24.

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 issued a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DEO. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. 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. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average price target 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.