Beverly Hills Private Wealth LLC Has $1.88 Million Stake in Diageo plc $DEO

Beverly Hills Private Wealth LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,676 shares of the company’s stock after selling 256 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Diageo were worth $1,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. Abound Financial LLC acquired a new position in Diageo during the 1st quarter worth $27,000. TruNorth Capital Management LLC acquired a new position in Diageo during the 1st quarter worth $30,000. Truvestments Capital LLC acquired a new position in Diageo during the 1st quarter worth $30,000. Cheviot Value Management LLC acquired a new position in Diageo during the 1st quarter worth $31,000. Finally, Financial Network Wealth Advisors LLC lifted its position in Diageo by 63.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock worth $45,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 1.0%

NYSE DEO opened at $97.69 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. The firm has a 50-day simple moving average of $103.39 and a 200 day simple moving average of $105.72. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96. The stock has a market cap of $54.38 billion, a PE ratio of 14.26, a PEG ratio of 3.55 and a beta of 0.58.

Diageo Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a $2.5192 dividend. This represents a yield of 516.0%. This is a boost from Diageo’s previous semi-annual dividend of $1.62. The ex-dividend date of this dividend is Friday, October 17th. Diageo’s dividend payout ratio (DPR) is currently 72.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DEO. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America reduced their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.