Fullcircle Wealth LLC Boosts Stock Holdings in Diageo plc (NYSE:DEO)

Fullcircle Wealth LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 6.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,521 shares of the company’s stock after buying an additional 594 shares during the period. Fullcircle Wealth LLC’s holdings in Diageo were worth $1,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreFirst Bank & Trust acquired a new stake in Diageo during the fourth quarter worth about $25,000. Eastern Bank raised 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 buying an additional 125 shares during the period. BNP Paribas acquired a new position in Diageo during the fourth quarter valued at approximately $32,000. Kestra Investment Management LLC purchased a new stake in Diageo during the fourth quarter worth approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo in the fourth quarter worth $47,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on DEO. Berenberg Bank started coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a “buy” rating on the stock. TD Cowen upped 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. 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 issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 1.0 %

Shares of Diageo stock opened at $115.81 on Thursday. The stock has a market capitalization of $64.43 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.39 and a beta of 0.60. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The business’s 50 day simple moving average is $108.81 and its 200-day simple moving average is $116.55.

Diageo Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Friday, February 28th were given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 28th. Diageo’s dividend 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.