Diageo plc $DEO Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,833 shares of the company’s stock after selling 461 shares during the quarter. Venture Visionary Partners LLC’s holdings in Diageo were worth $487,000 as of its most recent SEC filing.

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

Diageo Stock Up 1.1%

NYSE DEO opened at $96.50 on Thursday. Diageo plc has a 52 week low of $93.42 and a 52 week high of $139.96. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The business’s fifty day simple moving average is $105.26 and its 200-day simple moving average is $106.60. The firm has a market cap of $53.69 billion, a PE ratio of 14.09, a P/E/G ratio of 3.42 and a beta of 0.58.

Diageo Increases Dividend

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

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research analyst reports. Bank of America dropped their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.