Crux Wealth Advisors Invests $548,000 in Diageo plc (NYSE:DEO)

Crux Wealth Advisors acquired a new stake in shares of Diageo plc (NYSE:DEO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,307 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors also recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT boosted its position in shares of Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after buying an additional 86 shares during the period. Savant Capital LLC lifted its stake in shares of Diageo by 5.0% during the 4th quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after acquiring an additional 88 shares during the last quarter. Diversified Trust Co boosted its holdings in Diageo by 5.6% during the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after acquiring an additional 98 shares during the period. Cromwell Holdings LLC grew its position in Diageo by 8.6% in the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after acquiring an additional 102 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Diageo by 2.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,735 shares of the company’s stock valued at $475,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the subject of several research analyst reports. TD Cowen lifted 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. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on shares of Diageo in a research note on Wednesday, April 2nd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Performance

DEO stock opened at $109.52 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. Diageo plc has a 1-year low of $100.72 and a 1-year high of $144.27. The business has a 50-day moving average price of $107.97 and a 200 day moving average price of $119.65. The company has a market capitalization of $60.92 billion, a P/E ratio of 15.99, a PEG ratio of 2.39 and a beta of 0.63.

Diageo Dividend Announcement

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

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.