1,861 Shares in Diageo plc (NYSE:DEO) Acquired by Carson Advisory Inc.

Carson Advisory Inc. purchased a new position in shares of Diageo plc (NYSE:DEO) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,861 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Diageo in the 3rd quarter worth approximately $27,000. Raymond James & Associates increased its stake in shares of Diageo by 2.8% in the third quarter. Raymond James & Associates now owns 570,926 shares of the company’s stock worth $85,171,000 after acquiring an additional 15,543 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Diageo by 29.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,274 shares of the company’s stock valued at $1,085,000 after buying an additional 1,652 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Diageo by 19.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,575 shares of the company’s stock valued at $235,000 after purchasing an additional 253 shares in the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in Diageo by 2.4% in the 3rd quarter. Stonegate Investment Group LLC now owns 8,449 shares of the company’s stock worth $1,260,000 after purchasing an additional 201 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Down 0.4 %

DEO stock traded down $0.48 during trading on Thursday, reaching $136.57. 513,999 shares of the company were exchanged, compared to its average volume of 800,535. Diageo plc has a twelve month low of $135.63 and a twelve month high of $188.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The company has a 50-day moving average of $145.62 and a two-hundred day moving average of $145.79.

Diageo Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 1st were issued a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DEO. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Hold” and a consensus price target of $3,797.50.

Diageo Company Profile

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, cachaça, 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.