Legacy Capital Wealth Partners LLC Decreases Holdings in Diageo plc (NYSE:DEO)

Legacy Capital Wealth Partners LLC lowered its stake in Diageo plc (NYSE:DEO - Free Report) by 59.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,300 shares of the company's stock after selling 3,342 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Diageo were worth $292,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT boosted its stake in Diageo by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company's stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company's stock worth $237,000 after buying an additional 88 shares in the last quarter. Diversified Trust Co boosted its position in Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company's stock worth $236,000 after acquiring an additional 98 shares during the last quarter. Malaga Cove Capital LLC raised its holdings in Diageo by 3.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock valued at $421,000 after acquiring an additional 100 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its stake in Diageo by 1.7% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company's stock worth $809,000 after purchasing an additional 104 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DEO. UBS Group raised 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 report on Thursday, December 5th. Finally, TD Cowen upped 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $129.00.

Diageo Stock Up 1.2 %

DEO stock traded up $1.29 during midday trading on Thursday, hitting $107.79. 871,994 shares of the company's stock were exchanged, compared to its average volume of 1,118,505. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The business has a 50-day simple moving average of $120.02 and a two-hundred day simple moving average of $125.65. 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 Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid 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 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.