Accredited Wealth Management LLC Takes $93,000 Position in Diageo plc (NYSE:DEO)

Accredited Wealth Management LLC purchased a new position in Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel reports. The fund purchased 728 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in Diageo during the 4th quarter valued at $25,000. Eastern Bank grew its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Modus Advisors LLC purchased a new position in Diageo during the 4th quarter valued at about $35,000. Kestra Investment Management LLC bought a new position in Diageo during the 4th quarter valued at approximately $36,000. Finally, Heck Capital Advisors LLC purchased a new stake in Diageo in the 4th quarter worth approximately $47,000. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the topic of several research analyst reports. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Diageo currently has an average rating of “Hold” and an average price target of $129.00.

Diageo Trading Up 1.8 %

NYSE DEO opened at $113.34 on Friday. The firm has a market capitalization of $63.05 billion, a PE ratio of 16.55, a P/E/G ratio of 2.39 and a beta of 0.63. The stock’s 50 day moving average is $108.49 and its 200 day moving average is $117.03. Diageo plc has a twelve month low of $100.72 and a twelve month high of $144.27. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Stockholders of record on Friday, February 28th were issued a dividend of $1.62 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

About Diageo

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.