Baxter Bros Inc. lessened its position in shares of Diageo plc (NYSE:DEO) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,365 shares of the company’s stock after selling 620 shares during the quarter. Baxter Bros Inc.’s holdings in Diageo were worth $1,695,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DEO. Morgan Stanley raised its position in Diageo by 1.2% in the second quarter. Morgan Stanley now owns 2,973,816 shares of the company’s stock valued at $512,447,000 after purchasing an additional 34,529 shares during the period. Charles Schwab Investment Advisory Inc. raised its position in Diageo by 1.1% in the second quarter. Charles Schwab Investment Advisory Inc. now owns 2,180,203 shares of the company’s stock valued at $375,693,000 after purchasing an additional 23,085 shares during the period. Thoroughbred Financial Services LLC raised its position in Diageo by 17,346.3% in the second quarter. Thoroughbred Financial Services LLC now owns 1,660,188 shares of the company’s stock valued at $166,019,000 after purchasing an additional 1,650,672 shares during the period. Schafer Cullen Capital Management Inc raised its position in Diageo by 24.5% in the second quarter. Schafer Cullen Capital Management Inc now owns 1,175,258 shares of the company’s stock valued at $200,099,000 after purchasing an additional 231,125 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Diageo by 2.1% in the second quarter. Parametric Portfolio Associates LLC now owns 935,760 shares of the company’s stock valued at $161,250,000 after purchasing an additional 19,229 shares during the period. 9.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diageo stock traded down $0.59 during trading hours on Monday, reaching $161.04. 9,707 shares of the company were exchanged, compared to its average volume of 416,051. Diageo plc has a 1 year low of $135.64 and a 1 year high of $176.22. The stock’s fifty day moving average is $164.73 and its 200 day moving average is $167.34. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. The firm has a market cap of $105.76 billion, a PE ratio of 23.85, a PEG ratio of 2.96 and a beta of 0.45.
The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, August 9th were paid a dividend of $2.111 per share. The ex-dividend date of this dividend was Thursday, August 8th. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s payout ratio is presently 61.63%.
A number of analysts have recently weighed in on DEO shares. Kepler Capital Markets lowered Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine lowered Diageo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Societe Generale lowered Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $178.00.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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