Leavell Investment Management Inc. purchased a new stake in shares of Diageo plc (NYSE:DEO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,209 shares of the company’s stock, valued at approximately $208,000.
Other hedge funds also recently made changes to their positions in the company. Financial Gravity Wealth Inc. acquired a new position in Diageo during the first quarter worth $27,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Diageo by 56.9% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 193 shares of the company’s stock worth $32,000 after buying an additional 70 shares during the last quarter. Canton Hathaway LLC acquired a new position in Diageo during the first quarter worth $36,000. Paragon Capital Management LLC acquired a new position in Diageo during the first quarter worth $38,000. Finally, TCG Advisors LP acquired a new position in Diageo during the first quarter worth $41,000. Institutional investors own 10.68% of the company’s stock.
NYSE:DEO opened at $165.64 on Friday. Diageo plc has a 52 week low of $131.43 and a 52 week high of $176.07. The company has a quick ratio of 0.56, a current ratio of 1.34 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $99.90 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.82 and a beta of 0.47. The stock’s fifty day moving average is $168.82 and its two-hundred day moving average is $165.23.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, August 9th will be issued a $2.111 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s payout ratio is currently 62.52%.
A number of research firms have weighed in on DEO. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective on the stock in a research note on Monday, May 27th. Kepler Capital Markets downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $178.00.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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