Diageo plc $DEO Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its stake in shares of Diageo plc (NYSE:DEO) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,343 shares of the company’s stock after selling 821 shares during the quarter. Mission Wealth Management LP’s holdings in Diageo were worth $337,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in Diageo during the 1st quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Diageo during the first quarter worth $30,000. Truvestments Capital LLC acquired a new stake in shares of Diageo during the first quarter worth $30,000. Cheviot Value Management LLC acquired a new stake in shares of Diageo during the first quarter worth $31,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Diageo by 84.0% during the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock worth $36,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DEO. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Finally, Bank of America decreased their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $119.00.

Diageo Stock Performance

Shares of Diageo stock opened at $93.10 on Wednesday. Diageo plc has a twelve month low of $90.50 and a twelve month high of $132.34. 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 business’s fifty day moving average price is $99.13 and its 200 day moving average price is $104.71.

Diageo Increases Dividend

The company 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 $2.5192 dividend. The ex-dividend date is Friday, October 17th. This is an increase from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 516.0%.

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.