Crestwood Advisors Group LLC Decreases Stock Position in Diageo plc $DEO

Crestwood Advisors Group LLC cut its holdings in Diageo plc (NYSE:DEO) by 95.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,128 shares of the company’s stock after selling 248,710 shares during the period. Crestwood Advisors Group LLC’s holdings in Diageo were worth $960,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arlington Trust Co LLC boosted its position in shares of Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock worth $27,000 after buying an additional 272 shares in the last quarter. Spire Wealth Management boosted its position in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after buying an additional 178 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in Diageo in the 3rd quarter valued at about $32,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Diageo in the 4th quarter valued at about $30,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Up 1.0%

NYSE:DEO opened at $84.30 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60. The company’s 50-day moving average is $78.82 and its two-hundred day moving average is $87.25. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41.

Diageo Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 195.0%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DEO. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Argus upgraded shares of Diageo to a “hold” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.