Exencial Wealth Advisors LLC Cuts Stock Position in Diageo plc $DEO

Exencial Wealth Advisors LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,092 shares of the company’s stock after selling 453 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Diageo were worth $7,976,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC raised its stake in shares of Diageo by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock worth $271,000 after purchasing an additional 89 shares during the last quarter. SageView Advisory Group LLC raised its position in Diageo by 1.7% in the first quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after acquiring an additional 89 shares in the last quarter. Pinnacle West Asset Management Inc. raised its position in Diageo by 3.2% in the first quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after acquiring an additional 100 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in Diageo by 2.9% in the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after acquiring an additional 101 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Diageo by 2.1% in the first quarter. Kestra Private Wealth Services LLC now owns 5,345 shares of the company’s stock worth $560,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DEO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Bank of America cut their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Diageo presently has an average rating of “Hold” and an average target price of $119.00.

Diageo Trading Down 0.0%

Shares of DEO stock opened at $97.93 on Wednesday. Diageo plc has a fifty-two week low of $93.42 and a fifty-two week high of $136.87. The stock has a market cap of $54.51 billion, a P/E ratio of 14.30, a P/E/G ratio of 3.57 and a beta of 0.58. The business has a fifty day simple moving average of $102.85 and a 200-day simple moving average of $105.62. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

Diageo Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be given a $2.5192 dividend. This is an increase from Diageo’s previous semi-annual dividend of $1.62. This represents a dividend yield of 516.0%. The ex-dividend date is Friday, October 17th. Diageo’s dividend payout ratio (DPR) is 72.41%.

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.