Diageo plc (NYSE:DEO) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its stake in Diageo plc (NYSE:DEO) by 53.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,512 shares of the company’s stock after purchasing an additional 4,013 shares during the quarter. MGO One Seven LLC’s holdings in Diageo were worth $1,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new position in Diageo in the fourth quarter valued at about $25,000. Eastern Bank grew its holdings in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in shares of Diageo in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new position in Diageo in the 4th quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new position in Diageo during the fourth quarter worth $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Berenberg Bank began coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating on the stock. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

Diageo stock opened at $111.65 on Friday. Diageo plc has a fifty-two week low of $100.72 and a fifty-two week high of $144.27. The company has a market capitalization of $62.11 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.39 and a beta of 0.63. The stock has a fifty day moving average of $108.16 and a two-hundred day moving average of $117.98. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, April 24th. Investors of record on Friday, February 28th were given a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was 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.