Accretive Wealth Partners LLC Boosts Stock Holdings in Diageo plc (NYSE:DEO)

Accretive Wealth Partners LLC boosted its position in Diageo plc (NYSE:DEO) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,865 shares of the company’s stock after purchasing an additional 263 shares during the period. Accretive Wealth Partners LLC’s holdings in Diageo were worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. ABC Arbitrage SA purchased a new position in Diageo in the fourth quarter valued at approximately $37,777,000. V Square Quantitative Management LLC lifted its position in shares of Diageo by 34.2% during the fourth quarter. V Square Quantitative Management LLC now owns 9,419 shares of the company’s stock worth $1,194,000 after acquiring an additional 2,399 shares in the last quarter. Naples Global Advisors LLC lifted its position in shares of Diageo by 27.9% during the fourth quarter. Naples Global Advisors LLC now owns 28,886 shares of the company’s stock worth $3,672,000 after acquiring an additional 6,296 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Diageo by 23.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,862 shares of the company’s stock worth $361,000 after acquiring an additional 539 shares in the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Diageo during the fourth quarter worth $83,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 1.8 %

Diageo stock opened at $107.45 on Friday. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71. The firm’s fifty day moving average price is $121.39 and its 200-day moving average price is $126.16. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 3.8%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.