CVA Family Office LLC Acquires New Holdings in Diageo plc (NYSE:DEO)

CVA Family Office LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,165 shares of the company’s stock, valued at approximately $170,000.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Diageo in the third quarter valued at approximately $27,000. MCF Advisors LLC bought a new position in Diageo in the third quarter valued at approximately $30,000. PCA Investment Advisory Services Inc. bought a new position in Diageo in the second quarter valued at approximately $31,000. Pinnacle Holdings LLC bought a new position in Diageo in the first quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Diageo in the third quarter worth $48,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 0.7 %

NYSE:DEO opened at $145.69 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The firm’s fifty day moving average price is $146.84 and its two-hundred day moving average price is $148.03. Diageo plc has a one year low of $135.63 and a one year high of $190.02.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be given a dividend of $1.62 per share. The ex-dividend date is Thursday, February 29th. This represents a dividend yield of 2.7%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Diageo from an “overweight” rating to a “neutral” rating in a research report on Wednesday, November 29th. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. UBS Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, Argus downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average target price of $3,778.00.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.