Perigon Wealth Management LLC Acquires 282 Shares of Diageo plc (NYSE:DEO)

Perigon Wealth Management LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 20.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,654 shares of the company’s stock after purchasing an additional 282 shares during the period. Perigon Wealth Management LLC’s holdings in Diageo were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in shares of Diageo by 13.2% in the 4th quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock valued at $663,848,000 after acquiring an additional 433,105 shares during the last quarter. Clearbridge Investments LLC raised its position in Diageo by 0.4% during the 3rd quarter. Clearbridge Investments LLC now owns 2,384,109 shares of the company’s stock worth $355,661,000 after purchasing an additional 10,269 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Diageo by 98,968.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock worth $360,651,000 after purchasing an additional 2,021,926 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Diageo by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,924,396 shares of the company’s stock worth $390,924,000 after purchasing an additional 12,035 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Diageo by 2.4% during the 3rd quarter. Royal Bank of Canada now owns 1,187,543 shares of the company’s stock worth $177,156,000 after purchasing an additional 27,851 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Up 3.2 %

Shares of Diageo stock opened at $140.35 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average price of $147.15 and a two-hundred day moving average price of $146.56. Diageo plc has a 1-year low of $135.63 and a 1-year high of $190.02.

Diageo Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were paid a $1.62 dividend. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 2.7%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DEO. Argus lowered Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas lowered Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $3,778.00.

Diageo 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.