Murphy Capital Management Inc. decreased its stake in shares of Diageo plc (NYSE:DEO) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,565 shares of the company’s stock after selling 175 shares during the quarter. Murphy Capital Management Inc.’s holdings in Diageo were worth $582,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. TRUE Private Wealth Advisors bought a new stake in Diageo during the 2nd quarter valued at about $29,000. Meridian Wealth Management LLC bought a new stake in shares of Diageo in the 2nd quarter valued at about $33,000. Manchester Financial Inc. bought a new stake in shares of Diageo in the 2nd quarter valued at about $45,000. Advisors Preferred LLC bought a new stake in shares of Diageo in the 2nd quarter valued at about $51,000. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of Diageo in the 2nd quarter valued at about $55,000. Institutional investors own 9.49% of the company’s stock.
Shares of Diageo stock opened at $163.30 on Friday. The firm’s 50 day moving average price is $165.40 and its 200-day moving average price is $167.38. The company has a quick ratio of 0.56, a current ratio of 1.34 and a debt-to-equity ratio of 1.06. Diageo plc has a 52-week low of $132.72 and a 52-week high of $176.22. The company has a market cap of $107.14 billion, a P/E ratio of 24.19, a PEG ratio of 3.00 and a beta of 0.45.
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th were given a $2.111 dividend. 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%.
DEO has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. ValuEngine lowered shares of Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Societe Generale lowered shares of Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Kepler Capital Markets lowered shares of Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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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