Mystic Asset Management Inc. Buys 216 Shares of Diageo plc (NYSE:DEO)

Mystic Asset Management Inc. increased its stake in shares of Diageo plc (NYSE:DEO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,029 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Mystic Asset Management Inc.’s holdings in Diageo were worth $1,656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canoe Financial LP raised its position in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Diageo in the 4th quarter worth approximately $123,892,000. FMR LLC grew its holdings in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after purchasing an additional 437,646 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Diageo during the fourth quarter valued at approximately $37,777,000. Finally, JPMorgan Chase & Co. increased its position in shares of Diageo by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after purchasing an additional 229,946 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 1.4 %

Shares of DEO opened at $109.16 on Tuesday. The company has a market capitalization of $60.72 billion, a P/E ratio of 15.94, a PEG ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. Diageo plc has a one year low of $105.72 and a one year high of $149.44. The business’s 50 day simple moving average is $113.93 and its 200-day simple moving average is $123.28.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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 payout ratio is presently 46.42%.

Wall Street Analysts Forecast Growth

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