DMKC Advisory Services LLC Acquires Shares of 16,552 Diageo plc (NYSE:DEO)

DMKC Advisory Services LLC purchased a new stake in Diageo plc (NYSE:DEO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,552 shares of the company’s stock, valued at approximately $2,104,000. Diageo comprises approximately 1.9% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors also recently modified their holdings of DEO. Brooklyn Investment Group bought a new position in Diageo in the third quarter valued at about $25,000. Eastern Bank boosted its stake in shares of Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new position in Diageo during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new position in Diageo in the 4th quarter valued at approximately $36,000. Finally, Concord Wealth Partners acquired a new stake in Diageo in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen boosted their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Price Performance

Shares of NYSE:DEO opened at $110.07 on Wednesday. The firm has a market cap of $61.23 billion, a PE ratio of 16.07, a price-to-earnings-growth 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 $154.71. The firm’s fifty day moving average is $118.39 and its 200-day moving average is $125.33. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Announces Dividend

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 issued a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo’s payout ratio is presently 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.