TIAA Trust National Association Acquires 302 Shares of Diageo plc (NYSE:DEO)

TIAA Trust National Association boosted its stake in shares of Diageo plc (NYSE:DEO) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,810 shares of the company’s stock after acquiring an additional 302 shares during the quarter. TIAA Trust National Association’s holdings in Diageo were worth $484,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Diageo in the 3rd quarter worth approximately $25,000. CoreFirst Bank & Trust bought a new stake in Diageo in the fourth quarter worth $25,000. Eastern Bank boosted its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after buying an additional 125 shares during the period. Modus Advisors LLC bought a new position in Diageo during the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Diageo in the fourth quarter valued at $36,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

Diageo stock opened at $105.39 on Friday. The stock has a market cap of $58.63 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The firm has a 50-day moving average of $111.82 and a two-hundred day moving average of $122.10. Diageo plc has a 1 year low of $104.59 and a 1 year high of $149.36. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Diageo Announces Dividend

The company also recently disclosed 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 yield of 3.8%. Diageo’s dividend payout ratio (DPR) is currently 46.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DEO shares. TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.