Diageo plc (NYSE:DEO) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its position in shares of Diageo plc (NYSE:DEO) by 370.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,599 shares of the company’s stock after buying an additional 26,453 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Diageo were worth $4,236,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of Diageo by 7.0% during the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock valued at $349,785,000 after acquiring an additional 154,497 shares in the last quarter. Markel Group Inc. raised its holdings in shares of Diageo by 0.5% during the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Diageo by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock worth $142,165,000 after buying an additional 74,745 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Diageo by 2.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after buying an additional 23,435 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in shares of Diageo by 10.5% in the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock valued at $117,474,000 after buying an additional 88,159 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $132.93 on Tuesday. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $128.96 and a 200-day moving average of $135.73.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be given a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th.

Wall Street Analyst Weigh In

DEO has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three investment 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. According to MarketBeat, the company presently has an average rating of “Hold”.

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.