Kavar Capital Partners LLC increased its position in shares of Diageo plc (NYSE:DEO) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,592 shares of the company’s stock after purchasing an additional 452 shares during the period. Diageo accounts for about 2.0% of Kavar Capital Partners LLC’s holdings, making the stock its 14th biggest holding. Kavar Capital Partners LLC’s holdings in Diageo were worth $5,099,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in shares of Diageo by 0.8% during the first quarter. Wells Fargo & Company MN now owns 3,939,439 shares of the company’s stock valued at $644,532,000 after acquiring an additional 30,734 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Diageo by 17,346.3% during the second quarter. Thoroughbred Financial Services LLC now owns 1,660,188 shares of the company’s stock valued at $166,019,000 after acquiring an additional 1,650,672 shares during the last quarter. Schafer Cullen Capital Management Inc increased its position in shares of Diageo by 24.5% during 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 acquiring an additional 231,125 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Diageo by 3.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,095,768 shares of the company’s stock valued at $179,279,000 after acquiring an additional 31,821 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Diageo by 9.9% during the first quarter. Parametric Portfolio Associates LLC now owns 916,531 shares of the company’s stock valued at $149,954,000 after acquiring an additional 82,270 shares during the last quarter. Hedge funds and other institutional investors own 10.68% of the company’s stock.
Shares of NYSE DEO traded up $2.82 during midday trading on Thursday, hitting $165.60. The company’s stock had a trading volume of 11,552 shares, compared to its average volume of 431,891. The company’s fifty day moving average price is $168.96. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.34 and a quick ratio of 0.56. Diageo plc has a 1 year low of $131.43 and a 1 year high of $176.07. The stock has a market capitalization of $101.06 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.84 and a beta of 0.47.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be paid a $2.111 dividend. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Thursday, August 8th. Diageo’s dividend payout ratio (DPR) is presently 62.52%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 price target for the company in a research report on Monday, May 27th. Kepler Capital Markets lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Two 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. The company currently has a consensus rating of “Hold” and an average target price of $178.00.
Diageo Company Profile
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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