Vision Financial Markets LLC Takes Position in Diageo plc (NYSE:DEO)

Vision Financial Markets LLC acquired a new stake in Diageo plc (NYSE:DEO) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,815 shares of the company’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Diageo in the third quarter worth approximately $25,000. Eastern Bank raised its holdings in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $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 worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in Diageo during the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the fourth quarter worth approximately $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 firms have weighed in on DEO. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen raised their price objective on shares of 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 shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.00.

Diageo Stock Performance

NYSE:DEO opened at $114.12 on Thursday. The firm’s fifty day moving average price is $116.44 and its 200 day moving average price is $124.59. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. 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 cap of $63.49 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s payout ratio is currently 46.42%.

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.