Stony Point Wealth Management Inc. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 1.9% in the 1st quarter, HoldingsChannel reports. The firm owned 8,368 shares of the company’s stock after acquiring an additional 160 shares during the period. Diageo comprises 1.2% of Stony Point Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Stony Point Wealth Management Inc.’s holdings in Diageo were worth $1,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DEO. Lantz Financial LLC bought a new stake in Diageo in the first quarter valued at approximately $1,574,000. First Personal Financial Services raised its stake in shares of Diageo by 1.3% in the first quarter. First Personal Financial Services now owns 30,454 shares of the company’s stock worth $4,983,000 after buying an additional 400 shares during the period. CWM LLC raised its stake in shares of Diageo by 31.1% in the first quarter. CWM LLC now owns 2,565 shares of the company’s stock worth $420,000 after buying an additional 608 shares during the period. Winslow Evans & Crocker Inc. raised its stake in shares of Diageo by 2.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 12,758 shares of the company’s stock worth $2,090,000 after buying an additional 344 shares during the period. Finally, Clear Harbor Asset Management LLC raised its stake in shares of Diageo by 12.6% in the first quarter. Clear Harbor Asset Management LLC now owns 7,344 shares of the company’s stock worth $1,202,000 after buying an additional 824 shares during the period. 10.61% of the stock is owned by institutional investors.

Several brokerages recently issued reports on DEO. Zacks Investment Research downgraded Diageo from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Investec downgraded Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Barclays began coverage on Diageo in a research note on Monday, April 1st. They set an “overweight” rating on the stock. Finally, Sanford C. Bernstein downgraded Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Diageo presently has an average rating of “Hold” and an average target price of $164.75.

NYSE DEO opened at $162.58 on Tuesday. The company has a market cap of $99.18 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.85 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.73. Diageo plc has a 1-year low of $131.43 and a 1-year high of $165.53.

The company also recently declared a semiannual dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st were issued a dividend of $1.3688 per share. This represents a yield of 1.81%. The ex-dividend date of this dividend was Thursday, February 28th. Diageo’s dividend payout ratio is presently 42.68%.

ILLEGAL ACTIVITY NOTICE: “Stony Point Wealth Management Inc. Has $1.37 Million Stake in Diageo plc (DEO)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/stony-point-wealth-management-inc-has-1-37-million-stake-in-diageo-plc-deo/2982297.html.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Recommended Story: Why is insider trading harmful?

Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.