Diageo plc (NYSE:DEO) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its stake in Diageo plc (NYSE:DEO) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,921 shares of the company’s stock after acquiring an additional 66 shares during the period. SeaCrest Wealth Management LLC’s holdings in Diageo were worth $529,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hexagon Capital Partners LLC boosted its position in shares of Diageo by 14.9% in the first quarter. Hexagon Capital Partners LLC now owns 424 shares of the company’s stock worth $77,000 after acquiring an additional 55 shares during the last quarter. Tiedemann Advisors LLC lifted its position in Diageo by 1.1% during the first quarter. Tiedemann Advisors LLC now owns 4,840 shares of the company’s stock valued at $884,000 after buying an additional 55 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Diageo by 11.2% during the first quarter. Contravisory Investment Management Inc. now owns 564 shares of the company’s stock valued at $102,000 after buying an additional 57 shares in the last quarter. Twelve Points Wealth Management LLC lifted its position in Diageo by 1.0% during the first quarter. Twelve Points Wealth Management LLC now owns 6,057 shares of the company’s stock valued at $1,097,000 after buying an additional 58 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Diageo by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,580 shares of the company’s stock valued at $2,420,000 after buying an additional 58 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

DEO opened at $167.77 on Thursday. The firm’s 50 day moving average is $172.19 and its 200-day moving average is $175.77. Diageo plc has a 52-week low of $160.09 and a 52-week high of $191.93. The company has a current ratio of 1.63, a quick ratio of 0.62 and a debt-to-equity ratio of 1.67.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, August 25th will be paid a $2.5089 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Thursday, August 24th. This is a positive change from Diageo’s previous semi-annual dividend of $1.43.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Diageo from GBX 2,650 ($33.40) to GBX 2,920 ($36.81) in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Diageo in a research report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Diageo from GBX 4,500 ($56.73) to GBX 4,000 ($50.42) in a research report on Tuesday, June 20th. Morgan Stanley cut shares of Diageo from an “equal weight” rating to an “underweight” rating in a research report on Thursday, July 20th. Finally, Barclays reduced their price target on shares of Diageo from GBX 4,720 ($59.50) to GBX 4,440 ($55.97) in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3,893.33.

About Diageo

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.