Greenleaf Trust Acquires 751 Shares of Diageo plc (NYSE:DEO)

Greenleaf Trust boosted its holdings in Diageo plc (NYSE:DEO) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,550 shares of the company’s stock after purchasing an additional 751 shares during the quarter. Greenleaf Trust’s holdings in Diageo were worth $1,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Albert D Mason Inc. acquired a new stake in Diageo in the third quarter valued at approximately $214,000. Maryland Capital Advisors Inc. acquired a new stake in Diageo in the third quarter valued at approximately $56,000. Sequoia Financial Advisors LLC grew its stake in Diageo by 13.9% in the third quarter. Sequoia Financial Advisors LLC now owns 3,632 shares of the company’s stock valued at $510,000 after acquiring an additional 443 shares during the period. Graybill Wealth Management LTD. grew its stake in Diageo by 2.9% in the third quarter. Graybill Wealth Management LTD. now owns 28,384 shares of the company’s stock valued at $3,983,000 after acquiring an additional 787 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in Diageo by 5.7% in the third quarter. Foundations Investment Advisors LLC now owns 7,465 shares of the company’s stock valued at $1,048,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 0.2 %

Shares of NYSE:DEO opened at $134.43 on Friday. The company has a market capitalization of $74.73 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.77 and a beta of 0.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business has a fifty day moving average price of $133.85 and a two-hundred day moving average price of $133.62. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64.

Diageo Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Friday, August 30th were paid a $1.62 dividend. The ex-dividend date was Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio (DPR) is presently 71.37%.

Wall Street Analyst Weigh In

DEO has been the subject of a number of research reports. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo has a consensus rating of “Hold”.

About Diageo

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.