Diageo plc (NYSE:DEO) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,059 shares of the company's stock after purchasing an additional 2,272 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Diageo were worth $3,821,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DEO. Radnor Capital Management LLC boosted its stake in shares of Diageo by 4.7% during the third quarter. Radnor Capital Management LLC now owns 9,231 shares of the company's stock valued at $1,295,000 after purchasing an additional 418 shares during the period. Centennial Wealth Advisory LLC purchased a new stake in shares of Diageo during the third quarter valued at $202,000. Concurrent Investment Advisors LLC boosted its stake in shares of Diageo by 5.3% during the third quarter. Concurrent Investment Advisors LLC now owns 15,199 shares of the company's stock valued at $2,133,000 after purchasing an additional 762 shares during the period. Malaga Cove Capital LLC boosted its stake in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company's stock valued at $421,000 after purchasing an additional 100 shares during the period. Finally, Keudell Morrison Wealth Management purchased a new stake in shares of Diageo during the third quarter valued at $372,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Down 1.2 %

Shares of DEO stock traded down $1.38 during mid-day trading on Friday, hitting $112.81. 1,381,780 shares of the stock traded hands, compared to its average volume of 1,096,320. The stock has a market cap of $62.75 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.39 and a beta of 0.65. The stock's fifty day moving average is $115.90 and its two-hundred day moving average is $124.37. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Remove Ads

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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 currently 46.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DEO. Jefferies Financial Group raised shares of Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. 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, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $129.00.

About Diageo

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.