FRG Family Wealth Advisors LLC Sells 310 Shares of Diageo plc (NYSE:DEO)

FRG Family Wealth Advisors LLC decreased its stake in Diageo plc (NYSE:DEO) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,635 shares of the company’s stock after selling 310 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Diageo were worth $462,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Canoe Financial LP boosted its position in 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 acquiring an additional 8,104,301 shares during the last quarter. FMR LLC lifted its stake in Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company’s stock worth $739,126,000 after purchasing an additional 571,873 shares during the last quarter. Bank of Montreal Can increased its position in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company’s stock valued at $178,745,000 after acquiring an additional 1,296,285 shares during the period. JPMorgan Chase & Co. increased its position in shares of Diageo by 9.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company’s stock valued at $155,167,000 after buying an additional 103,540 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Diageo by 14.2% in the fourth quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company’s stock worth $143,917,000 after purchasing an additional 140,587 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of DEO stock opened at $107.58 on Thursday. The company has a market capitalization of $59.85 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 52 week low of $100.72 and a 52 week high of $144.27. The company’s 50 day moving average price is $108.30 and its two-hundred day moving average price is $120.01. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

Diageo Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DEO. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Berenberg Bank initiated coverage on shares of Diageo in a research note on Wednesday, April 2nd. They set a “buy” rating for the company. Finally, TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Profile

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.