Hantz Financial Services Inc. Acquires 8,738 Shares of Diageo plc $DEO

Hantz Financial Services Inc. increased its position in Diageo plc (NYSE:DEO) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,886 shares of the company’s stock after acquiring an additional 8,738 shares during the quarter. Hantz Financial Services Inc.’s holdings in Diageo were worth $4,131,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Spire Wealth Management boosted its position in shares of Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 178 shares during the period. Sound Income Strategies LLC boosted its position in shares of Diageo by 8,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX bought a new position in shares of Diageo in the third quarter valued at approximately $32,000. Finally, GGM Financials LLC bought a new position in shares of Diageo in the third quarter valued at approximately $36,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DEO. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Argus upgraded shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.50.

Diageo Price Performance

Shares of Diageo stock opened at $86.17 on Tuesday. Diageo plc has a 1 year low of $72.45 and a 1 year high of $116.41. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53. The company has a 50 day simple moving average of $78.89 and a two-hundred day simple moving average of $86.30.

Diageo Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 195.0%.

Diageo Profile

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.