Cromwell Holdings LLC Buys 102 Shares of Diageo plc (NYSE:DEO)

Cromwell Holdings LLC grew its stake in Diageo plc (NYSE:DEO) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,286 shares of the company’s stock after acquiring an additional 102 shares during the quarter. Cromwell Holdings LLC’s holdings in Diageo were worth $163,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Diageo in the third quarter worth $25,000. Eastern Bank boosted its holdings in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Concord Wealth Partners bought a new stake in Diageo in the third quarter worth $38,000. Modus Advisors LLC purchased a new position in shares of Diageo in the fourth quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Diageo in the fourth quarter worth $36,000. 8.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DEO shares. TD Cowen boosted 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. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Stock Performance

Diageo stock opened at $107.94 on Friday. 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 plc has a one year low of $105.72 and a one year high of $154.71. The stock has a fifty day moving average of $119.59 and a 200 day moving average of $125.53.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th.

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.