Stony Point Wealth Management Inc. bought a new position in Diageo plc (NYSE:DEO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,909 shares of the company’s stock, valued at approximately $1,009,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trustcore Financial Services LLC acquired a new position in shares of Diageo in the fourth quarter worth about $107,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Diageo during the fourth quarter worth approximately $108,000. Icon Wealth Partners LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $151,000. IFG Advisory LLC acquired a new stake in shares of Diageo during the fourth quarter worth approximately $203,000. Finally, Mission Wealth Management LP acquired a new stake in shares of Diageo during the fourth quarter worth approximately $204,000. Institutional investors own 11.86% of the company’s stock.
Several analysts recently commented on DEO shares. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Wednesday, December 27th. Jefferies Group set a $157.00 price target on shares of Diageo and gave the stock a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Diageo has a consensus rating of “Hold” and a consensus target price of $153.00.
Shares of Diageo stock opened at $134.39 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. Diageo plc has a fifty-two week low of $113.67 and a fifty-two week high of $147.62.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, February 23rd will be given a dividend of $1.4232 per share. This represents a yield of 1.96%. The ex-dividend date is Thursday, February 22nd.
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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