Diageo plc (DEO) Position Raised by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Diageo plc (NYSE:DEO) by 10.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,062 shares of the company’s stock after purchasing an additional 1,676 shares during the period. D.A. Davidson & CO.’s holdings in Diageo were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in Diageo in the 1st quarter valued at $135,000. Private Capital Group LLC boosted its position in Diageo by 273.1% in the 1st quarter. Private Capital Group LLC now owns 1,108 shares of the company’s stock valued at $151,000 after buying an additional 811 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Diageo by 249.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,221 shares of the company’s stock valued at $165,000 after buying an additional 872 shares during the last quarter. Rockland Trust Co. bought a new position in Diageo in the 2nd quarter valued at $200,000. Finally, GQG Partners LLC bought a new position in Diageo in the 1st quarter valued at $215,000. 11.66% of the stock is owned by hedge funds and other institutional investors.

Diageo opened at $143.94 on Friday, MarketBeat reports. Diageo plc has a 12-month low of $128.81 and a 12-month high of $151.30. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71.



The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, August 10th will be given a $2.1297 dividend. This is a positive change from Diageo’s previous semiannual dividend of $1.42. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, August 9th. Diageo’s dividend payout ratio (DPR) is currently 61.78%.

Several research analysts have recently issued reports on the company. Argus assumed coverage on Diageo in a research report on Friday, July 13th. They issued a “buy” rating and a $168.00 price target on the stock. Goldman Sachs Group upgraded Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Thursday, July 12th. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, May 21st. Macquarie upgraded Diageo from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 21st. Finally, Sanford C. Bernstein lowered Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price target on the stock. in a research report on Friday, June 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $157.33.

Diageo Company Profile

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, Tanqueray, and Guinness.

Further Reading: Google Finance

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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