Colony Group LLC bought a new position in shares of Diageo plc (NYSE:DEO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,485 shares of the company’s stock, valued at approximately $214,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Diageo during the 2nd quarter worth $3,379,000. Hilltop Holdings Inc. boosted its position in shares of Diageo by 17.4% during the second quarter. Hilltop Holdings Inc. now owns 3,970 shares of the company’s stock worth $572,000 after purchasing an additional 588 shares in the last quarter. Signaturefd LLC boosted its position in shares of Diageo by 43.3% during the second quarter. Signaturefd LLC now owns 2,455 shares of the company’s stock worth $354,000 after purchasing an additional 742 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Diageo during the second quarter worth $273,000. Finally, Morgan Stanley boosted its position in shares of Diageo by 18.9% during the second quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock worth $531,157,000 after purchasing an additional 586,255 shares in the last quarter. 11.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Macquarie raised shares of Diageo from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 21st. Goldman Sachs Group raised shares of 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. Sanford C. Bernstein cut shares of 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. Finally, Argus assumed coverage on shares of Diageo in a research report on Friday, July 13th. They set a “buy” rating and a $168.00 price target on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $157.33.
Shares of NYSE DEO opened at $140.43 on Monday. Diageo plc has a twelve month low of $129.99 and a twelve month high of $151.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.37 and a quick ratio of 0.58.
The company 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 dividend of $2.1297 per share. This represents a dividend yield of 2.87%. This is a boost from Diageo’s previous semiannual dividend of $1.42. The ex-dividend date of this dividend is Thursday, August 9th. Diageo’s dividend payout ratio (DPR) is currently 76.81%.
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, Bundaberg, McDowell's No.
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