Exencial Wealth Advisors LLC Sells 4,049 Shares of Diageo plc (NYSE:DEO)

Exencial Wealth Advisors LLC decreased its position in Diageo plc (NYSE:DEO) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,195 shares of the company’s stock after selling 4,049 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Diageo were worth $9,941,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT raised its position in shares of Diageo by 2.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock valued at $430,000 after buying an additional 86 shares in the last quarter. Savant Capital LLC increased its position in shares of Diageo by 5.0% in the fourth quarter. Savant Capital LLC now owns 1,864 shares of the company’s stock worth $237,000 after purchasing an additional 88 shares during the period. Diversified Trust Co raised its stake in Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares in the last quarter. Malaga Cove Capital LLC lifted its position in Diageo by 3.4% during the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock worth $421,000 after purchasing an additional 100 shares during the period. Finally, Cromwell Holdings LLC increased its holdings in Diageo by 8.6% in the 4th quarter. Cromwell Holdings LLC now owns 1,286 shares of the company’s stock valued at $163,000 after buying an additional 102 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $109.10 on Tuesday. The stock has a 50-day moving average price of $117.06 and a two-hundred day moving average price of $124.80. Diageo plc has a 12 month low of $105.72 and a 12 month high of $151.76. The company has a market capitalization of $60.69 billion, a PE ratio of 15.93, a P/E/G ratio of 2.39 and a beta of 0.66. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The firm 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 $1.62 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analysts Set New Price Targets

DEO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday. TD Cowen raised their price objective on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Company 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.