Proficio Capital Partners LLC Has $26.64 Million Stock Position in Diageo plc (NYSE:DEO)

Proficio Capital Partners LLC boosted its stake in Diageo plc (NYSE:DEO) by 3,073.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 209,510 shares of the company’s stock after buying an additional 202,908 shares during the period. Proficio Capital Partners LLC’s holdings in Diageo were worth $26,635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DEO. Brooklyn Investment Group acquired a new position in Diageo in the 3rd quarter valued at about $25,000. Eastern Bank grew its stake in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC bought a new stake in Diageo in the 4th quarter valued at about $35,000. Kestra Investment Management LLC bought a new stake in Diageo in the 4th quarter valued at about $36,000. Finally, Heck Capital Advisors LLC bought a new stake in Diageo in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $108.83 on Friday. The company has a 50 day moving average of $117.39 and a 200-day moving average of $125.00. Diageo plc has a 1-year low of $105.72 and a 1-year high of $151.76. 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 company has a market cap of $60.54 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66.

Diageo Announces Dividend

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

Analyst Ratings Changes

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

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.