Accretive Wealth Partners LLC Purchases 263 Shares of Diageo plc (NYSE:DEO)

Accretive Wealth Partners LLC boosted its position in Diageo plc (NYSE:DEO) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 7,865 shares of the company’s stock after acquiring an additional 263 shares during the period. Accretive Wealth Partners LLC’s holdings in Diageo were worth $1,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Diageo in the third quarter valued at $25,000. Eastern Bank grew its stake in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at about $35,000. Concord Wealth Partners bought a new position in shares of Diageo during the third quarter valued at about $38,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at about $47,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 1.8 %

Diageo stock opened at $107.45 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average of $121.39 and a 200-day moving average of $126.16. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of recent research reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen raised their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.