Diageo plc $DEO Shares Sold by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC decreased its position in Diageo plc (NYSE:DEO) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,354 shares of the company’s stock after selling 488 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Diageo were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Barrett & Company Inc. acquired a new position in shares of Diageo during the 1st quarter valued at about $27,000. Abound Financial LLC acquired a new position in shares of Diageo during the 1st quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Diageo during the 1st quarter valued at about $30,000. TruNorth Capital Management LLC acquired a new position in shares of Diageo during the 1st quarter valued at about $30,000. Finally, Truvestments Capital LLC acquired a new position in shares of Diageo during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Bank of America dropped their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Stock Down 0.2%

Shares of NYSE:DEO opened at $95.75 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo plc has a 1 year low of $93.42 and a 1 year high of $139.96. The stock has a market capitalization of $53.27 billion, a P/E ratio of 13.98, a PEG ratio of 3.44 and a beta of 0.58. The stock has a 50-day simple moving average of $104.35 and a 200-day simple moving average of $106.19.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be issued a $2.5192 dividend. The ex-dividend date is Friday, October 17th. This represents a yield of 370.0%. This is a boost from Diageo’s previous semi-annual dividend of $1.62. Diageo’s dividend payout ratio (DPR) is currently 46.42%.

Diageo 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.