Cable Hill Partners LLC decreased its stake in Diageo plc (NYSE:DEO) by 12.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,518 shares of the company’s stock after selling 499 shares during the period. Cable Hill Partners LLC’s holdings in Diageo were worth $606,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Financial Gravity Wealth Inc. bought a new position in Diageo in the first quarter worth $27,000. TRUE Private Wealth Advisors bought a new position in Diageo in the second quarter worth $29,000. Meridian Wealth Management LLC bought a new position in Diageo in the second quarter worth $33,000. TCG Advisors LP bought a new position in Diageo in the first quarter worth $41,000. Finally, Acima Private Wealth LLC lifted its position in Diageo by 29.3% in the first quarter. Acima Private Wealth LLC now owns 265 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 10.14% of the company’s stock.
DEO has been the subject of several research reports. Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 target price for the company in a research report on Monday, May 27th. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $178.00.
Shares of NYSE DEO opened at $163.24 on Friday. The stock has a market cap of $99.51 billion, a PE ratio of 24.18, a PEG ratio of 2.85 and a beta of 0.47. The business has a fifty day moving average of $167.18 and a two-hundred day moving average of $166.93. Diageo plc has a 52-week low of $131.43 and a 52-week high of $176.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.111 per share. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio (DPR) is presently 62.52%.
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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