Clark Estates Inc. NY Makes New $10.87 Million Investment in Diageo plc (NYSE:DEO)

Clark Estates Inc. NY acquired a new stake in Diageo plc (NYSE:DEO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 85,500 shares of the company’s stock, valued at approximately $10,870,000. Diageo accounts for 2.1% of Clark Estates Inc. NY’s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in DEO. Brooklyn Investment Group acquired a new position in shares of Diageo during the 3rd quarter valued at about $25,000. Eastern Bank grew its holdings in Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC acquired a new position in Diageo during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new position in Diageo in the fourth quarter valued at $36,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo in the 4th quarter valued at about $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEO. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

NYSE:DEO opened at $108.19 on Wednesday. The firm’s 50-day moving average is $116.69 and its 200-day moving average is $124.66. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a market cap of $60.19 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.39 and a beta of 0.66. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76.

Diageo Announces Dividend

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