Patriot Financial Group Insurance Agency LLC Has $975,000 Stock Holdings in Diageo plc $DEO

Patriot Financial Group Insurance Agency LLC boosted its position in Diageo plc (NYSE:DEO) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,667 shares of the company’s stock after buying an additional 873 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Diageo were worth $975,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEO. Perkins Coie Trust Co acquired a new stake in Diageo in the 1st quarter valued at approximately $27,000. Barrett & Company Inc. acquired a new stake in Diageo in the 1st quarter valued at approximately $27,000. Abound Financial LLC acquired a new stake in Diageo in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in Diageo in the 1st quarter valued at approximately $30,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Diageo during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 0.2%

DEO stock opened at $96.17 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $53.50 billion, a PE ratio of 14.04, a PEG ratio of 3.45 and a beta of 0.58. Diageo plc has a 1-year low of $93.42 and a 1-year high of $139.96. The business’s 50 day simple moving average is $104.86 and its 200 day simple moving average is $106.43.

Diageo Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be issued a dividend of $2.5192 per share. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from Diageo’s previous semi-annual dividend of $1.62. Diageo’s payout ratio is presently 46.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America lowered their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.00.

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.