Diageo plc (NYSE:DEO) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 10.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,442 shares of the company’s stock after purchasing an additional 1,544 shares during the period. NewEdge Wealth LLC’s holdings in Diageo were worth $2,395,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Citizens National Bank Trust Department increased its position in shares of Diageo by 2.8% during the fourth quarter. Citizens National Bank Trust Department now owns 9,645 shares of the company’s stock valued at $1,405,000 after acquiring an additional 260 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new position in shares of Diageo in the fourth quarter valued at approximately $200,000. Perigon Wealth Management LLC grew its holdings in shares of Diageo by 20.6% in the fourth quarter. Perigon Wealth Management LLC now owns 1,654 shares of the company’s stock valued at $241,000 after purchasing an additional 282 shares in the last quarter. Kennedy Investment Group grew its holdings in shares of Diageo by 7.5% in the fourth quarter. Kennedy Investment Group now owns 17,970 shares of the company’s stock valued at $2,618,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE grew its holdings in shares of Diageo by 0.5% in the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock valued at $2,075,000 after purchasing an additional 72 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research reports. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3,778.00.

Diageo Trading Down 2.8 %

Shares of NYSE:DEO opened at $136.99 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a twelve month low of $135.63 and a twelve month high of $190.02. The firm has a 50 day simple moving average of $147.83 and a 200-day simple moving average of $146.79.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a dividend yield of 2.7%.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.