Cromwell Holdings LLC Boosts Position in Diageo plc (NYSE:DEO)

Cromwell Holdings LLC boosted its position in shares of Diageo plc (NYSE:DEO) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,286 shares of the company’s stock after acquiring an additional 102 shares during the quarter. Cromwell Holdings LLC’s holdings in Diageo were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEO. Alliance Wealth Advisors LLC UT raised its stake in shares of Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after buying an additional 86 shares during the period. Savant Capital LLC raised its stake in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after buying an additional 88 shares during the period. Diversified Trust Co raised its stake in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock worth $236,000 after buying an additional 98 shares during the period. Malaga Cove Capital LLC raised its stake in shares of Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after buying an additional 100 shares during the period. Finally, Mill Creek Capital Advisors LLC raised its stake in shares of Diageo by 1.7% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock worth $809,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE:DEO opened at $107.94 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $105.72 and a 12-month high of $154.71. The stock has a 50-day moving average price of $119.59 and a 200 day moving average price of $125.53.

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 dividend yield of 3.8%. The ex-dividend date is Friday, February 28th.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DEO shares. TD Cowen raised 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 raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.