485 Shares in Diageo plc $DEO Acquired by Ameriflex Group Inc.

Ameriflex Group Inc. acquired a new stake in Diageo plc (NYSE:DEO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 485 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Wealth Enhancement Advisory Services LLC raised its position in shares of Diageo by 16.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 138,252 shares of the company’s stock valued at $14,488,000 after purchasing an additional 19,327 shares in the last quarter. Philip James Wealth Mangement LLC bought a new position in Diageo during the 1st quarter worth approximately $1,908,000. Martin Capital Partners LLC boosted its holdings in Diageo by 225.8% in the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after purchasing an additional 22,542 shares during the period. Miracle Mile Advisors LLC increased its stake in Diageo by 30.1% during the first quarter. Miracle Mile Advisors LLC now owns 40,492 shares of the company’s stock valued at $4,243,000 after purchasing an additional 9,366 shares during the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Diageo by 2,331.0% during the first quarter. Carnegie Investment Counsel now owns 41,036 shares of the company’s stock worth $4,178,000 after purchasing an additional 39,348 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.2%

NYSE DEO opened at $96.17 on Monday. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96. 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 stock has a market cap of $53.50 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 3.45 and a beta of 0.58. The firm’s 50 day moving average price is $104.86 and its two-hundred day moving average price is $106.42.

Diageo Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be paid 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 yield of 370.0%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DEO. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Saturday, September 27th. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Bank of America lowered their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $119.00.

About Diageo

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.