892 Shares in Diageo plc (NYSE:DEO) Bought by Sierra Ocean LLC

Sierra Ocean LLC acquired a new position in Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel reports. The firm acquired 892 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Diageo in the third quarter worth $25,000. Eastern Bank increased its stake in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. Concord Wealth Partners bought a new position in Diageo in the third quarter valued at $38,000. Modus Advisors LLC bought a new position in Diageo in the fourth quarter valued at $35,000. Finally, Heck Capital Advisors LLC bought a new position in Diageo in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $129.00.

Diageo Price Performance

Shares of NYSE:DEO opened at $107.45 on Monday. The stock’s 50-day moving average price is $121.08 and its 200-day moving average price is $125.99. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%.

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.