Timber Creek Capital Management LLC Grows Position in Diageo plc (NYSE:DEO)

Timber Creek Capital Management LLC increased its position in shares of Diageo plc (NYSE:DEO) by 26.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,588 shares of the company’s stock after buying an additional 8,613 shares during the quarter. Diageo comprises 1.5% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Timber Creek Capital Management LLC’s holdings in Diageo were worth $5,287,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DEO. Brooklyn Investment Group purchased a new position in Diageo during the 3rd quarter worth approximately $25,000. Eastern Bank lifted its position in Diageo by 107.8% during 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 Diageo during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in Diageo during the 4th quarter worth approximately $36,000. Finally, Concord Wealth Partners acquired a new stake in shares of Diageo in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the subject of several recent analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Up 0.3 %

NYSE DEO opened at $107.82 on Wednesday. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The business has a 50 day moving average price of $120.42 and a 200 day moving average price of $125.79. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th.

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.