RWA Wealth Partners LLC Buys 30,578 Shares of Diageo plc (NYSE:DEO)

RWA Wealth Partners LLC raised its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 62.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,481 shares of the company's stock after acquiring an additional 30,578 shares during the period. RWA Wealth Partners LLC's holdings in Diageo were worth $11,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN purchased a new position in shares of Diageo during the 4th quarter worth approximately $246,000. First Command Advisory Services Inc. increased its stake in Diageo by 83.1% in the 4th quarter. First Command Advisory Services Inc. now owns 586 shares of the company's stock valued at $85,000 after purchasing an additional 266 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in Diageo in the 4th quarter valued at approximately $36,000. Signaturefd LLC increased its stake in Diageo by 11.7% in the 4th quarter. Signaturefd LLC now owns 7,237 shares of the company's stock valued at $1,054,000 after purchasing an additional 759 shares in the last quarter. Finally, Grandfield & Dodd LLC increased its stake in Diageo by 12.7% in the 4th quarter. Grandfield & Dodd LLC now owns 222,855 shares of the company's stock valued at $32,461,000 after purchasing an additional 25,098 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of DEO stock traded up $1.35 during mid-day trading on Monday, hitting $142.11. 756,279 shares of the company's stock were exchanged, compared to its average volume of 812,535. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $190.02. The stock has a 50-day simple moving average of $146.90 and a two-hundred day simple moving average of $146.45. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

Diageo Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were issued a dividend of $1.62 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Argus downgraded Diageo from a "buy" rating to a "hold" rating in a research note on Thursday, January 4th. BNP Paribas downgraded Diageo from a "neutral" rating to an "underperform" rating in a research note on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $3,797.50.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.