Diageo plc (NYSE:DEO) Stock Position Raised by WealthPLAN Partners LLC

WealthPLAN Partners LLC lifted its position in Diageo plc (NYSE:DEO) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,988 shares of the company’s stock after acquiring an additional 5,957 shares during the quarter. WealthPLAN Partners LLC’s holdings in Diageo were worth $9,573,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. McCarthy Asset Management Inc. purchased a new stake in shares of Diageo in the 4th quarter valued at approximately $29,000. Freestone Capital Holdings LLC acquired a new position in Diageo in the 3rd quarter valued at approximately $28,000. Perigon Wealth Management LLC acquired a new position in Diageo in the 4th quarter valued at approximately $47,000. Biltmore Capital Advisors LLC acquired a new position in Diageo in the 3rd quarter valued at approximately $41,000. Finally, BNC Wealth Management LLC acquired a new position in Diageo in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 10.05% of the company’s stock.

Shares of DEO traded up $0.58 during mid-day trading on Tuesday, hitting $166.09. 4,872 shares of the company’s stock were exchanged, compared to its average volume of 484,818. The firm has a fifty day moving average of $162.43 and a two-hundred day moving average of $148.67. Diageo plc has a twelve month low of $100.52 and a twelve month high of $170.37. The stock has a market cap of $97.11 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 3.47 and a beta of 0.66. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 1.80.

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 13th. Investors of record on Friday, February 26th will be issued a dividend of $1.5348 per share. This is an increase from Diageo’s previous semi-annual dividend of $1.36. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, February 25th. Diageo’s dividend payout ratio is currently 79.45%.

Several research firms have weighed in on DEO. Berenberg Bank reiterated a “hold” rating on shares of Diageo in a research note on Monday, February 1st. Credit Suisse Group reiterated an “outperform” rating on shares of Diageo in a research note on Friday, January 29th. Morgan Stanley began coverage on shares of Diageo in a research note on Tuesday, February 2nd. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Diageo in a research note on Thursday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Diageo in a research note on Friday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $145.00.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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