Legacy Financial Advisors Inc. Takes $212,000 Position in Diageo plc (NYSE:DEO)

Legacy Financial Advisors Inc. purchased a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,455 shares of the company’s stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of DEO. Western Wealth Management LLC boosted its holdings in shares of Diageo by 2.6% during the 3rd quarter. Western Wealth Management LLC now owns 2,559 shares of the company’s stock worth $382,000 after purchasing an additional 66 shares during the last quarter. O Brien Greene & Co. Inc grew its holdings in Diageo by 2.4% in the 3rd quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company’s stock valued at $443,000 after buying an additional 70 shares in the last quarter. SVB Wealth LLC grew its holdings in Diageo by 1.8% in the 4th quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock valued at $581,000 after buying an additional 70 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE increased its stake in shares of Diageo by 0.5% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after acquiring an additional 72 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Diageo by 3.3% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, Diageo presently has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Trading Up 0.4 %

Shares of Diageo stock opened at $138.00 on Monday. Diageo plc has a 52 week low of $135.63 and a 52 week high of $188.11. The business’s fifty day simple moving average is $145.01 and its 200-day simple moving average is $145.52. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 1st were given a dividend of $1.62 per share. The ex-dividend date was 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.