Phoenix Financial Ltd. Takes Position in Diageo plc $DEO

Phoenix Financial Ltd. acquired a new stake in shares of Diageo plc (NYSE:DEOFree Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 18,000 shares of the company’s stock, valued at approximately $1,814,000.

Other institutional investors have also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of Diageo during the first quarter valued at about $27,000. Cheviot Value Management LLC acquired a new position in shares of Diageo during the first quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of Diageo during the first quarter valued at about $30,000. TruNorth Capital Management LLC acquired a new position in shares of Diageo during the first quarter valued at about $30,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of Diageo by 63.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after purchasing an additional 165 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.0%

Shares of DEO stock opened at $97.93 on Wednesday. Diageo plc has a 52-week low of $93.42 and a 52-week high of $136.87. 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 company has a 50-day simple moving average of $102.85 and a two-hundred day simple moving average of $105.62. The company has a market capitalization of $54.51 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 3.57 and a beta of 0.58.

Diageo Increases Dividend

The company 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 $2.5192 dividend. This represents a yield of 516.0%. 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 currently 72.41%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DEO. Bank of America lowered their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Diageo presently has a consensus rating of “Hold” and an average price target of $119.00.

View Our Latest Stock Report on Diageo

About Diageo

(Free Report)

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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