TCTC Holdings LLC Has $4 Million Stock Holdings in Diageo plc (NYSE:DEO)

TCTC Holdings LLC increased its position in shares of Diageo plc (NYSE:DEO) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,435 shares of the company’s stock after buying an additional 492 shares during the quarter. TCTC Holdings LLC’s holdings in Diageo were worth $3,996,000 at the end of the most recent quarter.

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

Diageo Stock Performance

DEO stock opened at $107.55 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a 50 day moving average price of $114.26 and a 200 day moving average price of $123.45. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $149.44. The stock has a market capitalization of $59.83 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DEO. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average target price of $129.00.

Diageo Company 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.