Wrapmanager Inc. Has $339,000 Stock Position in Diageo plc (NYSE:DEO)

Wrapmanager Inc. cut its position in Diageo plc (NYSE:DEO) by 23.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,688 shares of the company’s stock after selling 803 shares during the period. Wrapmanager Inc.’s holdings in Diageo were worth $339,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its position in Diageo by 4,665.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after acquiring an additional 472,583 shares during the last quarter. Beacon Financial Group acquired a new stake in shares of Diageo in the fourth quarter valued at $296,000. Wellington Management Group LLP raised its holdings in shares of Diageo by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares during the last quarter. QRG Capital Management Inc. lifted its position in Diageo by 16.4% during the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after buying an additional 1,011 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Diageo by 461.4% during the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after acquiring an additional 58,048 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Down 0.9 %

Shares of DEO stock opened at $132.11 on Friday. The firm’s 50 day moving average price is $128.86 and its two-hundred day moving average price is $135.98. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DEO shares. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Diageo

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.