Avidian Wealth Enterprises LLC Sells 149 Shares of Diageo plc (NYSE:DEO)

Avidian Wealth Enterprises LLC cut its position in Diageo plc (NYSE:DEO) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,359 shares of the company’s stock after selling 149 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Diageo were worth $300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Diageo in the third quarter valued at $25,000. Eastern Bank grew its stake in shares of Diageo by 107.8% in the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Diageo in the third quarter valued at $38,000. Modus Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at $35,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Diageo in the fourth quarter valued at $47,000. 8.97% of the stock is owned by institutional investors.

Diageo Stock Up 2.8 %

DEO stock opened at $109.41 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average price of $121.67 and a two-hundred day moving average price of $126.28. Diageo plc has a one year low of $105.72 and a one year high of $154.71.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%.

Analysts Set New Price Targets

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