Pine Valley Investments Ltd Liability Co Increases Position in Diageo plc (NYSE:DEO)

Pine Valley Investments Ltd Liability Co increased its stake in shares of Diageo plc (NYSE:DEO) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,072 shares of the company’s stock after buying an additional 256 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Diageo were worth $1,789,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DEO. Brooklyn Investment Group purchased a new stake in shares of Diageo during the third quarter valued at $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 valued at $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new stake in Diageo in the fourth quarter valued at $35,000. Kestra Investment Management LLC purchased a new stake in Diageo in the fourth quarter valued at $36,000. Finally, Concord Wealth Partners purchased a new stake in Diageo in the third quarter valued at $38,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of Diageo stock opened at $110.07 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The business has a 50-day moving average price of $118.39 and a 200 day moving average price of $125.33. The firm has a market cap of $61.23 billion, a PE ratio of 16.07, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio is presently 46.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DEO shares. TD Cowen upped their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report 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. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $129.00.

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.