Diageo plc $DEO Shares Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,101 shares of the company’s stock after acquiring an additional 1,974 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Diageo were worth $4,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barrett & Company Inc. acquired a new stake in shares of Diageo in the 1st quarter valued at about $27,000. Abound Financial LLC acquired a new stake in shares of Diageo in the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Diageo in the 1st quarter valued at about $30,000. TruNorth Capital Management LLC acquired a new stake in shares of Diageo in the 1st quarter valued at about $30,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Diageo in the 1st quarter valued at about $30,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Up 0.4%

Diageo stock opened at $95.77 on Friday. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96. The stock has a 50 day moving average of $104.27 and a two-hundred day moving average of $106.05. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $53.28 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 3.42 and a beta of 0.58.

Diageo Increases Dividend

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

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research analyst reports. Bank of America decreased their target price on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday. Finally, The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Diageo currently has a consensus rating of “Hold” and an average price target 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.