Exencial Wealth Advisors LLC Sells 48,182 Shares of Diageo plc $DEO

Exencial Wealth Advisors LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,849 shares of the company’s stock after selling 48,182 shares during the period. Exencial Wealth Advisors LLC’s holdings in Diageo were worth $3,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Equity Investment Corp bought a new stake in shares of Diageo in the 3rd quarter worth $92,970,000. Federated Hermes Inc. increased its holdings in shares of Diageo by 7.2% in the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after purchasing an additional 48,909 shares in the last quarter. CORDA Investment Management LLC. bought a new stake in shares of Diageo in the 3rd quarter worth $14,329,000. Causeway Capital Management LLC increased its holdings in shares of Diageo by 8.4% in the 3rd quarter. Causeway Capital Management LLC now owns 466,866 shares of the company’s stock worth $44,553,000 after purchasing an additional 36,156 shares in the last quarter. Finally, Third View Private Wealth LLC bought a new stake in shares of Diageo in the 4th quarter worth $1,111,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO opened at $78.97 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a one year low of $72.45 and a one year high of $116.69. The business has a fifty day moving average of $80.57 and a 200 day moving average of $87.78.

Diageo Dividend Announcement

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

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research analyst reports. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 6th. BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft raised Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Finally, Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.50.

About Diageo

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.