AssuredPartners Investment Advisors LLC Purchases New Holdings in Diageo plc (NYSE:DEO)

AssuredPartners Investment Advisors LLC acquired a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,008 shares of the company’s stock, valued at approximately $255,000.

Several other large investors also recently bought and sold shares of DEO. Brooklyn Investment Group acquired a new stake in shares of Diageo in the third quarter worth approximately $25,000. CoreFirst Bank & Trust purchased a new position in Diageo in the 4th quarter valued at $25,000. Eastern Bank lifted its holdings in Diageo by 107.8% in the 4th 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 4th quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Diageo during the fourth quarter worth $36,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

NYSE:DEO opened at $105.25 on Friday. The company’s 50-day moving average is $111.55 and its two-hundred day moving average is $121.94. Diageo plc has a 1-year low of $104.80 and a 1-year high of $149.24. 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 firm has a market capitalization of $58.55 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.39 and a beta of 0.65.

Diageo Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s payout ratio is 46.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. 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. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo 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.