Lmcg Investments LLC lifted its stake in shares of Diageo plc (NYSE:DEO – Free Report) by 49.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 78,471 shares of the company’s stock after acquiring an additional 26,059 shares during the period. Lmcg Investments LLC’s holdings in Diageo were worth $6,717,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in DEO. Envestnet Portfolio Solutions Inc. lifted its stake in Diageo by 2.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,513 shares of the company’s stock valued at $443,000 after purchasing an additional 152 shares during the last quarter. Lafayette Investments Inc. boosted its position in Diageo by 0.4% in the first quarter. Lafayette Investments Inc. now owns 36,681 shares of the company’s stock valued at $2,731,000 after buying an additional 154 shares in the last quarter. Cohen Investment Advisors LLC grew its stake in shares of Diageo by 4.1% during the first quarter. Cohen Investment Advisors LLC now owns 4,276 shares of the company’s stock worth $318,000 after buying an additional 169 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Diageo by 2.9% during the second quarter. Sandy Cove Advisors LLC now owns 6,189 shares of the company’s stock worth $497,000 after buying an additional 174 shares during the last quarter. Finally, Global Strategic Management Inc. increased its holdings in shares of Diageo by 1.9% during the third quarter. Global Strategic Management Inc. now owns 10,550 shares of the company’s stock worth $904,000 after buying an additional 200 shares in the last quarter. 8.97% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating on shares of Diageo in a research note on Monday, August 10th. Barclays reissued a “buy” rating on shares of Diageo in a report on Friday, August 7th. Royal Bank Of Canada restated a “buy” rating on shares of Diageo in a research report on Sunday, August 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of Diageo in a report on Sunday, August 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Diageo in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.33.
View Our Latest Stock Analysis on Diageo
Diageo Stock Down 0.6%
NYSE:DEO opened at $92.82 on Thursday. Diageo plc has a one year low of $72.45 and a one year high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. The firm’s 50 day simple moving average is $89.50 and its 200 day simple moving average is $85.07.
Diageo Announces Dividend
The firm also recently declared a dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, October 16th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a dividend yield of 252.0%.
Diageo Company Profile
Diageo plc is a global beverage-alcohol company headquartered in London, England. It develops, produces, markets and distributes spirits, beer and ready-to-drink beverages through a portfolio of well-known international and regional brands.
Its brands include Johnnie Walker, Crown Royal and Bulleit whiskies; Smirnoff, Cîroc and Ketel One vodkas; Captain Morgan rum; Don Julio and Casamigos tequila; Tanqueray gin; Baileys liqueur; and Guinness stout. The company sells products through retail, hospitality and e-commerce channels, serving consumers in markets across North America, Europe, Asia-Pacific, Latin America, Africa and other regions.
Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.
Read More
- Five stocks we like better than Diageo
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO – Free Report).
Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.
