Venturi Wealth Management LLC Grows Position in Diageo plc (NYSE:DEO)

Venturi Wealth Management LLC increased its position in Diageo plc (NYSE:DEO) by 1,065.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,493 shares of the company’s stock after buying an additional 2,279 shares during the quarter. Venturi Wealth Management LLC’s holdings in Diageo were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Alliance Wealth Advisors LLC UT lifted its position in Diageo by 2.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after acquiring an additional 86 shares in the last quarter. Savant Capital LLC raised its stake in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Diageo by 5.6% during the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after buying an additional 100 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its position in shares of Diageo by 1.7% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 6,367 shares of the company’s stock valued at $809,000 after buying an additional 104 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

DEO stock opened at $107.94 on Friday. 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 business’s 50-day moving average is $119.59 and its two-hundred day moving average is $125.53. Diageo plc has a fifty-two week low of $105.72 and a fifty-two week high of $154.71.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th.

Analyst Ratings Changes

A number of equities analysts have weighed in on DEO shares. TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.