Diageo plc (NYSE:DEO) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC lifted its stake in shares of Diageo plc (NYSE:DEOGet Rating) by 1,018.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,868 shares of the company’s stock after acquiring an additional 1,701 shares during the period. Gradient Investments LLC’s holdings in Diageo were worth $325,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Diageo by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 788,094 shares of the company’s stock valued at $160,093,000 after acquiring an additional 7,308 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Diageo by 16.3% during the first quarter. Pinnacle Bancorp Inc. now owns 636 shares of the company’s stock worth $129,000 after buying an additional 89 shares during the period. Norris Perne & French LLP MI purchased a new position in Diageo during the first quarter worth about $316,000. Magnolia Wealth Management LLC purchased a new position in Diageo during the first quarter worth about $1,593,000. Finally, Institutional & Family Asset Management LLC lifted its position in Diageo by 1.4% during the first quarter. Institutional & Family Asset Management LLC now owns 19,746 shares of the company’s stock worth $4,011,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DEO. UBS Group increased their target price on Diageo from GBX 4,300 ($51.96) to GBX 4,500 ($54.37) in a research report on Tuesday, August 2nd. Barclays increased their target price on Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a research report on Friday, July 29th. Exane BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 6th. StockNews.com upgraded Diageo from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, Credit Suisse Group raised their price objective on Diageo from GBX 4,400 ($53.17) to GBX 4,550 ($54.98) in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4,198.75.

Diageo Stock Up 0.6 %

Shares of NYSE:DEO opened at $174.99 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.69 and a debt-to-equity ratio of 1.60. Diageo plc has a one year low of $166.24 and a one year high of $223.14. The business’s 50-day simple moving average is $181.57 and its 200 day simple moving average is $186.71.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, August 26th will be issued a dividend of $2.2775 per share. This is an increase from Diageo’s previous semi-annual dividend of $1.57. This represents a dividend yield of 2%. The ex-dividend date is Thursday, August 25th.

Diageo Company Profile

(Get Rating)

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

Further Reading

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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