Diageo plc $DEO Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 47.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,501 shares of the company’s stock after acquiring an additional 7,524 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Diageo were worth $2,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in shares of Diageo in the 4th quarter valued at about $25,000. BNP Paribas bought a new stake in Diageo in the fourth quarter valued at about $32,000. Measured Risk Portfolios Inc. acquired a new stake in Diageo during the fourth quarter valued at approximately $32,000. Perkins Coie Trust Co acquired a new stake in Diageo during the first quarter valued at approximately $27,000. Finally, Barrett & Company Inc. bought a new position in Diageo during the 1st quarter worth approximately $27,000. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of Diageo in a report on Monday, May 12th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Up 0.9%

NYSE:DEO opened at $115.3830 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.67 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average of $104.99 and a 200-day moving average of $107.78. The firm has a market capitalization of $64.19 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 4.11 and a beta of 0.53. Diageo plc has a 52 week low of $96.45 and a 52 week high of $142.73.

Diageo Increases Dividend

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

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.