Sagespring Wealth Partners LLC Invests $370,000 in Diageo plc (NYSE:DEO)

Sagespring Wealth Partners LLC bought a new stake in Diageo plc (NYSE:DEO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,913 shares of the company's stock, valued at approximately $370,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Canoe Financial LP increased its holdings in shares of Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after buying an additional 3,964 shares during the last quarter. Maia Wealth LLC increased its position in shares of Diageo by 24.7% during the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock worth $1,648,000 after acquiring an additional 2,593 shares in the last quarter. Aviso Financial Inc. raised its holdings in shares of Diageo by 3.4% in the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after acquiring an additional 7,954 shares during the last quarter. Finally, Tevis Investment Management boosted its stake in Diageo by 159.7% during the 4th quarter. Tevis Investment Management now owns 13,869 shares of the company's stock valued at $1,763,000 after purchasing an additional 8,528 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE:DEO traded down $0.46 during trading on Monday, reaching $109.12. The company's stock had a trading volume of 119,509 shares, compared to its average volume of 1,177,446. The firm has a market cap of $60.70 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. Diageo plc has a 12 month low of $100.72 and a 12 month high of $144.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The firm has a 50 day moving average of $107.87 and a 200-day moving average of $118.43.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors 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 yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DEO shares. TD Cowen lifted their target price on Diageo from $124.00 to $129.00 and gave the company 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 research note on Monday, March 3rd. Finally, Berenberg Bank began coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.