Diageo plc (NYSE:DEO) Stock Holdings Decreased by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC cut its holdings in Diageo plc (NYSE:DEO) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,635 shares of the company’s stock after selling 310 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Diageo were worth $462,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Legacy Financial Advisors Inc. boosted its holdings in shares of Diageo by 39.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,938 shares of the company’s stock valued at $374,000 after buying an additional 829 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Diageo by 1.8% in the 4th quarter. Neuberger Berman Group LLC now owns 63,092 shares of the company’s stock valued at $8,021,000 after buying an additional 1,101 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Diageo by 2.8% in the 4th quarter. Advisory Services Network LLC now owns 14,761 shares of the company’s stock valued at $1,876,000 after buying an additional 408 shares during the period. Invesco Ltd. boosted its holdings in shares of Diageo by 12.2% in the 4th quarter. Invesco Ltd. now owns 202,582 shares of the company’s stock valued at $25,754,000 after buying an additional 22,049 shares during the period. Finally, Bank of Montreal Can boosted its stake in Diageo by 1,181.5% during the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock valued at $178,745,000 after purchasing an additional 1,296,285 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

NYSE:DEO opened at $107.28 on Thursday. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm has a fifty day simple moving average of $108.30 and a 200 day simple moving average of $120.01. The stock has a market capitalization of $59.68 billion, a PE ratio of 15.66, a P/E/G ratio of 2.39 and a beta of 0.63.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DEO. Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating for the company. 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 research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Diageo has an average rating of “Hold” and an average 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.