Daymark Wealth Partners LLC Has $963,000 Stake in Diageo plc $DEO

Daymark Wealth Partners LLC boosted its holdings in Diageo plc (NYSE:DEO) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,547 shares of the company’s stock after purchasing an additional 233 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Diageo were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pavion Blue Capital LLC raised its stake in Diageo by 0.4% in the 2nd quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after purchasing an additional 112 shares in the last quarter. Logan Capital Management Inc. increased its holdings in Diageo by 39.4% in the 2nd quarter. Logan Capital Management Inc. now owns 32,853 shares of the company’s stock valued at $3,313,000 after buying an additional 9,290 shares during the period. Cobblestone Capital Advisors LLC NY increased its holdings in Diageo by 5.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 127,388 shares of the company’s stock valued at $12,846,000 after buying an additional 6,145 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Diageo by 0.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 180,923 shares of the company’s stock valued at $18,244,000 after buying an additional 1,649 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in Diageo by 84.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DEO shares. Bank of America decreased 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. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Price Performance

Shares of Diageo stock opened at $91.05 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm’s 50 day moving average is $100.36 and its 200 day moving average is $105.11. Diageo plc has a 1 year low of $90.50 and a 1 year high of $132.34.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be issued a dividend of $2.5192 per share. 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. This represents a dividend yield of 516.0%.

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.