Dynamic Capital Management Ltd reduced its position in Diageo plc (NYSE:DEO) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,174 shares of the company’s stock after selling 126 shares during the quarter. Dynamic Capital Management Ltd’s holdings in Diageo were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in DEO. Comerica Securities Inc. acquired a new position in Diageo in the fourth quarter worth about $437,000. Dimensional Fund Advisors LP boosted its stake in Diageo by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 517,196 shares of the company’s stock valued at $73,338,000 after acquiring an additional 8,824 shares during the period. Eagle Asset Management Inc. boosted its stake in Diageo by 2.3% in the first quarter. Eagle Asset Management Inc. now owns 3,926 shares of the company’s stock valued at $642,000 after acquiring an additional 90 shares during the period. Park Avenue Securities LLC acquired a new position in Diageo in the first quarter valued at approximately $415,000. Finally, Prospera Financial Services Inc boosted its stake in Diageo by 5.7% in the first quarter. Prospera Financial Services Inc now owns 2,342 shares of the company’s stock valued at $382,000 after acquiring an additional 126 shares during the period. 10.14% of the stock is currently owned by institutional investors.
NYSE:DEO traded down $3.11 during midday trading on Friday, hitting $163.46. 5,427 shares of the stock were exchanged, compared to its average volume of 383,298. Diageo plc has a one year low of $131.43 and a one year high of $176.22. The company has a market capitalization of $100.24 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 2.85 and a beta of 0.47. The business has a 50-day moving average price of $167.27 and a two-hundred day moving average price of $166.91. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06.
The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be given a $2.111 dividend. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Thursday, August 8th. Diageo’s payout ratio is 62.52%.
A number of equities analysts have commented on the company. Societe Generale downgraded Diageo from a “buy” rating to a “sell” rating in a research note on Thursday, September 5th. They noted that the move was a valuation call. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 price target on the stock in a report on Monday, May 27th. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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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