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

Wealthspire Advisors LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,159 shares of the company’s stock after acquiring an additional 213 shares during the quarter. Wealthspire Advisors LLC’s holdings in Diageo were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Canoe Financial LP increased its stake in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the period. Natixis Advisors LLC grew its stake in Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after acquiring an additional 487,904 shares in the last quarter. FMR LLC grew its stake in Diageo by 9.1% in the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after acquiring an additional 437,646 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Diageo during the fourth quarter worth approximately $37,777,000. Finally, Confluence Investment Management LLC raised its stake in shares of Diageo by 30.5% during the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock valued at $170,623,000 after acquiring an additional 284,046 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.2 %

Diageo stock opened at $110.30 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The firm has a market cap of $61.36 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.39 and a beta of 0.66. The business has a fifty day moving average of $118.76 and a two-hundred day moving average of $125.43. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71.

Diageo Dividend Announcement

The business 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 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 currently 46.42%.

Analyst Ratings Changes

DEO has been the topic of several research reports. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen upped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus 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.