Crux Wealth Advisors Invests $548,000 in Diageo plc (NYSE:DEO)

Crux Wealth Advisors bought a new stake in Diageo plc (NYSE:DEO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,307 shares of the company's stock, valued at approximately $548,000.

Several other hedge funds have also added to or reduced their stakes in DEO. CoreFirst Bank & Trust bought a new position in Diageo during the 4th quarter worth $25,000. Eastern Bank grew its position in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company's stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Diageo during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of Diageo in the fourth quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC acquired a new stake in Diageo during the fourth quarter worth approximately $47,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. TD Cowen lifted their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Berenberg Bank initiated coverage on Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $129.00.

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Diageo Trading Down 2.7 %

Diageo stock traded down $3.03 during trading hours on Tuesday, hitting $107.57. The stock had a trading volume of 774,623 shares, compared to its average volume of 927,495. The business's 50 day simple moving average is $107.95 and its 200-day simple moving average is $119.29. Diageo plc has a one year low of $100.72 and a one year high of $144.27. The stock has a market cap of $59.84 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th. Diageo's payout ratio is 46.42%.

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.