Centric Wealth Management Invests $1.42 Million in Diageo plc (NYSE:DEO)

Centric Wealth Management bought a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 11,194 shares of the company’s stock, valued at approximately $1,423,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Canoe Financial LP raised its holdings in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the period. Charles Schwab Investment Management Inc. increased its position in Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock valued at $4,795,000 after buying an additional 3,964 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after acquiring an additional 16,285 shares in the last quarter. Maia Wealth LLC grew its stake in Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after acquiring an additional 2,593 shares during the period. Finally, Aviso Financial Inc. increased its holdings in shares of Diageo by 3.4% during the fourth quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after acquiring an additional 7,954 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

DEO opened at $104.81 on Tuesday. Diageo plc has a 1 year low of $103.70 and a 1 year high of $149.24. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a market capitalization of $58.30 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 2.39 and a beta of 0.65. The firm’s fifty day moving average price is $111.27 and its two-hundred day moving average price is $121.65.

Diageo Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DEO shares. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

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.