Apollon Wealth Management LLC Has $402,000 Stake in Diageo plc $DEO

Apollon Wealth Management LLC decreased its stake in shares of Diageo plc (NYSE:DEO) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,984 shares of the company’s stock after selling 118 shares during the quarter. Apollon Wealth Management LLC’s holdings in Diageo were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DEO. Abound Financial LLC acquired a new position in shares of Diageo during the first quarter valued at about $27,000. TruNorth Capital Management LLC bought a new stake in Diageo in the 1st quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in Diageo in the 1st quarter valued at about $30,000. Cheviot Value Management LLC acquired a new stake in Diageo in the first quarter valued at approximately $31,000. Finally, Financial Network Wealth Advisors LLC grew its stake in Diageo by 63.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after acquiring an additional 165 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

NYSE DEO opened at $97.69 on Friday. The company has a fifty day moving average price of $103.39 and a 200-day moving average price of $105.74. The firm has a market cap of $54.38 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 3.59 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. Diageo plc has a 1 year low of $93.42 and a 1 year high of $139.96.

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 paid a $2.5192 dividend. This is a positive change from Diageo’s previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. This represents a yield of 516.0%. Diageo’s dividend payout ratio (DPR) is 46.42%.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Bank of America dropped their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Diageo presently 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.