Evergreen Capital Management LLC Boosts Stock Position in Diageo plc (NYSE:DEO)

Evergreen Capital Management LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 65.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,420 shares of the company’s stock after buying an additional 2,940 shares during the period. Evergreen Capital Management LLC’s holdings in Diageo were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Alliance Wealth Advisors LLC UT lifted its stake in Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC lifted its position in shares of Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after buying an additional 98 shares in the last quarter. Cromwell Holdings LLC grew its position in shares of Diageo by 8.6% in the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after buying an additional 102 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Diageo by 2.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock worth $475,000 after acquiring an additional 103 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE DEO opened at $109.39 on Friday. The firm has a market cap of $60.85 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.39 and a beta of 0.63. Diageo plc has a 52-week low of $100.72 and a 52-week high of $144.27. The business’s 50-day moving average price is $107.85 and its 200 day moving average price is $118.92. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

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 paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is currently 46.42%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Berenberg Bank initiated coverage on Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.