Diageo plc (NYSE:DEO) Stake Raised by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its position in Diageo plc (NYSE:DEOFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,671 shares of the company’s stock after buying an additional 96 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Diageo were worth $1,144,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bryn Mawr Capital Management LLC acquired a new stake in Diageo in the 3rd quarter worth approximately $745,000. Oppenheimer Asset Management Inc. lifted its holdings in Diageo by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 75,200 shares of the company’s stock worth $11,218,000 after purchasing an additional 1,329 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in Diageo by 15.7% in the 3rd quarter. Valmark Advisers Inc. now owns 3,232 shares of the company’s stock worth $482,000 after purchasing an additional 439 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Diageo by 10.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,827 shares of the company’s stock worth $3,704,000 after purchasing an additional 2,376 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in Diageo by 2.5% in the 3rd quarter. Keybank National Association OH now owns 26,266 shares of the company’s stock worth $3,918,000 after purchasing an additional 633 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.6 %

Shares of NYSE DEO opened at $147.73 on Friday. The business has a fifty day simple moving average of $143.53 and a 200 day simple moving average of $152.93. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a one year low of $135.63 and a one year high of $190.02.

Diageo Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 1st will be paid a $1.62 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a dividend yield of 2.7%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered Diageo from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 29th. Argus lowered Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. BNP Paribas lowered Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Finally, UBS Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus price target of $3,778.00.

Get Our Latest Analysis on DEO

Diageo Company Profile

(Free Report)

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, cacha├ža, 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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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