Millstone Evans Group LLC Invests $55,000 in Diageo plc (NYSE:DEO)

Millstone Evans Group LLC acquired a new position in Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 435 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Diageo in the 3rd quarter worth approximately $25,000. Eastern Bank grew its position 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 buying an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Diageo in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo in the 4th quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $47,000. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Down 0.8 %

Shares of NYSE:DEO opened at $107.09 on Monday. The stock has a fifty day simple moving average of $112.65 and a two-hundred day simple moving average of $122.64. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.39 and a beta of 0.65. Diageo plc has a 12-month low of $105.23 and a 12-month high of $149.44. The company has a current ratio of 1.60, a quick ratio of 0.67 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. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s payout ratio is 46.42%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DEO shares. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus price target of $129.00.

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.