Cohen Investment Advisors LLC Purchases 290 Shares of Diageo plc (NYSE:DEO)

Cohen Investment Advisors LLC boosted its position in Diageo plc (NYSE:DEO) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,328 shares of the company’s stock after buying an additional 290 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Diageo were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Fragasso Group Inc. grew its holdings in shares of Diageo by 2.5% in the 1st quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after acquiring an additional 73 shares in the last quarter. Avestar Capital LLC grew its stake in Diageo by 4.4% in the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $255,000 after purchasing an additional 74 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Diageo by 2.4% during the 1st quarter. Summit Trail Advisors LLC now owns 3,244 shares of the company’s stock worth $488,000 after purchasing an additional 77 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Diageo by 3.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after purchasing an additional 78 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Diageo by 13.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the company’s stock worth $102,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2,950.00.

Diageo Stock Performance

Shares of DEO traded up $0.63 during trading hours on Monday, hitting $135.67. The company had a trading volume of 819,628 shares, compared to its average volume of 772,915. The business has a fifty day moving average of $128.38 and a 200-day moving average of $137.71. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. The firm has a market cap of $75.41 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 3.55 and a beta of 0.67. Diageo plc has a 12 month low of $119.48 and a 12 month high of $171.07.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be issued a $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio is currently 71.37%.

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.