Ranch Capital Advisors Inc. Purchases 166 Shares of Diageo plc (NYSE:DEO)

Ranch Capital Advisors Inc. raised its position in shares of Diageo plc (NYSE:DEO) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,862 shares of the company’s stock after purchasing an additional 166 shares during the period. Ranch Capital Advisors Inc.’s holdings in Diageo were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Diageo during the 3rd quarter valued at $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in shares of Diageo during the 4th quarter worth $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter worth $47,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DEO shares. TD Cowen upped their price objective on 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 upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Down 1.2 %

Shares of NYSE:DEO opened at $112.81 on Monday. The business’s 50-day moving average is $115.90 and its 200 day moving average is $124.32. Diageo plc has a 1 year low of $105.72 and a 1 year high of $151.76. The firm has a market capitalization 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 debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Dividend Announcement

The firm also recently announced 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’s dividend payout ratio is currently 46.42%.

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.