Shrier Wealth Management LLC Purchases Shares of 9,520 Diageo plc $DEO

Shrier Wealth Management LLC acquired a new position in Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,520 shares of the company’s stock, valued at approximately $821,000.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Diageo in the fourth quarter worth $202,000. American Century Companies Inc. increased its position in Diageo by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 117,022 shares of the company’s stock valued at $11,800,000 after purchasing an additional 10,163 shares during the period. Global Retirement Partners LLC bought a new position in Diageo in the 2nd quarter worth $252,000. Russell Investments Group Ltd. raised its holdings in Diageo by 17.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company’s stock worth $399,000 after purchasing an additional 574 shares in the last quarter. Finally, Choreo LLC lifted its position in shares of Diageo by 6.0% in the 2nd quarter. Choreo LLC now owns 5,154 shares of the company’s stock worth $520,000 after purchasing an additional 291 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. Finally, Sanford C. Bernstein set a $124.00 target price on Diageo and gave the stock an “outperform” rating in a report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.50.

Diageo Stock Performance

Shares of DEO stock opened at $74.42 on Wednesday. Diageo plc has a 12 month low of $72.45 and a 12 month high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The company’s fifty day moving average price is $87.12 and its 200-day moving average price is $90.34.

Diageo Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a dividend of $0.80 per share. This represents a yield of 207.0%. The ex-dividend date of this dividend is Friday, April 17th.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.