Personal CFO Solutions LLC Has $544,000 Stock Position in Diageo plc (NYSE:DEO)

Personal CFO Solutions LLC lifted its position in Diageo plc (NYSE:DEO) by 196.3% in the 4th quarter, Holdings Channel reports. The fund owned 4,276 shares of the company’s stock after buying an additional 2,833 shares during the period. Personal CFO Solutions LLC’s holdings in Diageo were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Diageo in the third quarter valued at $25,000. Eastern Bank increased its position in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in Diageo during the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in shares of Diageo during the 4th quarter valued at $36,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo during the fourth quarter valued at about $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Diageo Price Performance

Shares of NYSE DEO opened at $112.81 on Monday. The company has a fifty day moving average price of $115.90 and a 200 day moving average price of $124.32. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. The firm has a market cap of $62.75 billion, a PE ratio of 16.47, a PEG ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

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

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.