Concurrent Investment Advisors LLC Buys 8,305 Shares of Diageo plc $DEO

Concurrent Investment Advisors LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 51.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,337 shares of the company’s stock after buying an additional 8,305 shares during the period. Concurrent Investment Advisors LLC’s holdings in Diageo were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DEO. Arlington Trust Co LLC raised its position in shares of Diageo by 3,885.7% during the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after buying an additional 272 shares during the last quarter. Spire Wealth Management raised its position in shares of Diageo by 123.6% during the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 178 shares during the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Diageo during the third quarter valued at approximately $29,000. Sound Income Strategies LLC raised its position in shares of Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Diageo during the fourth quarter valued at approximately $30,000. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.0%

DEO stock opened at $78.97 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.69. The firm’s fifty day simple moving average is $80.57 and its two-hundred day simple moving average is $87.78.

Diageo Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 195.0%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DEO shares. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Argus upgraded shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. HSBC cut shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upgraded shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.