Koshinski Asset Management Inc. Buys Shares of 1,217 Diageo plc (NYSE:DEO)

Posted by Defense World Staff on Apr 7th, 2023

Koshinski Asset Management Inc. bought a new stake in shares of Diageo plc (NYSE:DEO – Get Rating) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,217 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of the stock. Lafayette Investments Inc. grew its holdings in Diageo by 0.3% during the 4th quarter. Lafayette Investments Inc. now owns 44,063 shares of the company’s stock valued at $7,852,000 after buying an additional 129 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Diageo by 17.7% during the fourth quarter. National Bank of Canada FI now owns 173,393 shares of the company’s stock worth $30,860,000 after purchasing an additional 26,046 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in shares of Diageo by 5.4% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 2,027 shares of the company’s stock worth $361,000 after purchasing an additional 103 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Diageo by 9.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,707 shares of the company’s stock worth $304,000 after purchasing an additional 145 shares during the last quarter. Finally, Meridian Wealth Advisors LLC boosted its holdings in shares of Diageo by 12.5% during the fourth quarter. Meridian Wealth Advisors LLC now owns 17,962 shares of the company’s stock worth $3,201,000 after purchasing an additional 1,996 shares during the last quarter. Institutional investors and hedge funds own 9.04% of the company’s stock.

Diageo Price Performance

NYSE:DEO opened at $185.36 on Friday. The business’s 50-day moving average is $175.32 and its two-hundred day moving average is $175.91. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.57 and a quick ratio of 0.78. Diageo plc has a 12 month low of $160.09 and a 12 month high of $211.13.

Diageo Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Friday, March 3rd will be given a $1.5187 dividend. The ex-dividend date is Thursday, March 2nd. This is a positive change from Diageo’s previous semi-annual dividend of $1.43. This represents a yield of 2.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DEO. Barclays decreased their price objective on Diageo from GBX 5,100 ($63.34) to GBX 4,890 ($60.73) in a report on Thursday. Investec upgraded Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Sanford C. Bernstein upgraded Diageo from a “market perform” rating to an “outperform” rating in a report on Monday, February 6th. StockNews.com began coverage on Diageo in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, UBS Group lowered Diageo from a “buy” rating to a “neutral” rating in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4,060.00.

Diageo Profile

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Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.