United Community Bank Has $586,000 Stock Holdings in Diageo plc (NYSE:DEO)

United Community Bank boosted its holdings in Diageo plc (NYSE:DEO) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,610 shares of the company’s stock after purchasing an additional 615 shares during the quarter. United Community Bank’s holdings in Diageo were worth $586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Personal CFO Solutions LLC raised its stake in Diageo by 196.3% in the 4th quarter. Personal CFO Solutions LLC now owns 4,276 shares of the company’s stock worth $544,000 after purchasing an additional 2,833 shares in the last quarter. Naviter Wealth LLC raised its stake in Diageo by 10.4% in the 4th quarter. Naviter Wealth LLC now owns 12,742 shares of the company’s stock worth $1,620,000 after purchasing an additional 1,198 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its stake in Diageo by 12.6% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 22,699 shares of the company’s stock worth $2,886,000 after purchasing an additional 2,536 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Diageo in the 4th quarter worth about $617,000. Finally, Bradyco Inc. acquired a new stake in Diageo in the 4th quarter worth about $1,488,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

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

Diageo Price Performance

DEO stock opened at $112.81 on Friday. The firm has a market cap of $62.75 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $115.90 and its two-hundred day moving average price is $124.37. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be issued a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

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.