Osborn Williams & Donohoe LLC boosted its position in shares of Diageo plc (NYSE:DEO) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,765 shares of the company’s stock after buying an additional 221 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Diageo were worth $2,544,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank increased its holdings in shares of Diageo by 7.7% in the first quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock valued at $411,000 after purchasing an additional 179 shares during the period. Hallmark Capital Management Inc. acquired a new position in shares of Diageo in the first quarter valued at approximately $501,000. PNC Financial Services Group Inc. increased its holdings in shares of Diageo by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 102,570 shares of the company’s stock valued at $16,780,000 after purchasing an additional 1,598 shares during the period. Arden Trust Co acquired a new position in shares of Diageo in the second quarter valued at approximately $1,725,000. Finally, Moon Capital Management LLC acquired a new position in shares of Diageo in the second quarter valued at approximately $241,000. 10.62% of the stock is currently owned by institutional investors.
DEO has been the topic of a number of recent research reports. Kepler Capital Markets lowered Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $178.00 target price on the stock in a report on Monday, May 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $178.00.
DEO stock traded up $0.99 on Wednesday, reaching $164.73. 8,121 shares of the company’s stock were exchanged, compared to its average volume of 408,463. The company has a fifty day moving average of $170.26. Diageo plc has a twelve month low of $131.43 and a twelve month high of $176.07. The company has a market cap of $101.66 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 2.87 and a beta of 0.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, August 9th will be issued a dividend of $2.111 per share. The ex-dividend date is Thursday, August 8th. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio is currently 40.15%.
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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