Fox Run Management L.L.C. Has $1.17 Million Stock Holdings in Diageo plc $DEO

Fox Run Management L.L.C. lifted its holdings in shares of Diageo plc (NYSE:DEO) by 178.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,576 shares of the company’s stock after purchasing an additional 7,419 shares during the period. Fox Run Management L.L.C.’s holdings in Diageo were worth $1,167,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DEO. Philip James Wealth Mangement LLC increased its holdings in Diageo by 81.8% during the 2nd quarter. Philip James Wealth Mangement LLC now owns 33,107 shares of the company’s stock worth $3,338,000 after purchasing an additional 14,895 shares in the last quarter. Martin Capital Partners LLC boosted its position in shares of Diageo by 225.8% during the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock valued at $3,280,000 after buying an additional 22,542 shares during the last quarter. Carnegie Investment Counsel grew its holdings in 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 buying an additional 39,348 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position 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 last quarter. Finally, Virtu Financial LLC bought a new position in Diageo during the 1st quarter valued at $4,265,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $90.71 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. Diageo plc has a 52 week low of $86.57 and a 52 week high of $132.34. The firm’s 50-day simple moving average is $97.85 and its two-hundred day simple moving average is $104.33.

Diageo Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be paid a $2.5192 dividend. The ex-dividend date is Friday, October 17th. This is a positive change from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 516.0%.

Analysts Set New Price Targets

DEO has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, Bank of America cut their target price on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Company 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.