Wealthspire Advisors LLC Purchases 213 Shares of Diageo plc (NYSE:DEO)

Wealthspire Advisors LLC raised its position in Diageo plc (NYSE:DEO) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,159 shares of the company’s stock after acquiring an additional 213 shares during the period. Wealthspire Advisors LLC’s holdings in Diageo were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Diageo in the 3rd quarter worth $25,000. Eastern Bank raised its stake 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 last quarter. Concord Wealth Partners acquired a new stake in Diageo in the third quarter worth about $38,000. Modus Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth about $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $36,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

DEO opened at $110.30 on Tuesday. 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 firm has a 50 day moving average of $118.76 and a two-hundred day moving average of $125.43. The firm has a market capitalization of $61.36 billion, a PE ratio of 16.10, a P/E/G ratio of 2.39 and a beta of 0.66.

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 issued a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analyst Ratings Changes

DEO has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen upped their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.