United Community Bank Has $586,000 Holdings in Diageo plc (NYSE:DEO)

United Community Bank grew its stake in Diageo plc (NYSE:DEO) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,610 shares of the company’s stock after buying an additional 615 shares during the quarter. United Community Bank’s holdings in Diageo were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT boosted its holdings in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC boosted its holdings in Diageo by 5.0% during the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the last quarter. Diversified Trust Co boosted its holdings in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after purchasing an additional 98 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Diageo by 8.6% during the fourth quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock worth $163,000 after purchasing an additional 102 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its holdings in Diageo by 1.7% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $112.81 on Friday. 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 firm’s fifty day moving average price is $115.90 and its two-hundred day moving average price is $124.37. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The firm has a market capitalization of $62.75 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid 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 presently 46.42%.

Analysts Set New Price Targets

Several research analysts recently commented on DEO shares. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo currently 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.