EverSource Wealth Advisors LLC Acquires 445 Shares of Diageo plc (NYSE:DEO)

EverSource Wealth Advisors LLC increased its holdings in Diageo plc (NYSE:DEO) by 30.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,923 shares of the company’s stock after buying an additional 445 shares during the period. EverSource Wealth Advisors LLC’s holdings in Diageo were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DEO. Brooklyn Investment Group bought a new position in shares of Diageo in the 3rd quarter worth $25,000. Eastern Bank grew its stake in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in Diageo in the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new stake in shares of Diageo during the fourth quarter valued at about $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diageo Trading Down 0.4 %

NYSE DEO opened at $107.55 on Friday. Diageo plc has a 12-month low of $105.72 and a 12-month high of $149.44. The company has a fifty day simple moving average of $114.26 and a two-hundred day simple moving average of $123.52. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a market cap of $59.83 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders 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 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.