Beverly Hills Private Wealth LLC Has $1.88 Million Position in Diageo plc $DEO

Beverly Hills Private Wealth LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,676 shares of the company’s stock after selling 256 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Diageo were worth $1,883,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new stake in Diageo during the 1st quarter valued at $27,000. TruNorth Capital Management LLC acquired a new stake in Diageo during the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in Diageo during the 1st quarter valued at $30,000. Cheviot Value Management LLC purchased a new position in shares of Diageo during the 1st quarter valued at $31,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Diageo by 63.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after acquiring an additional 165 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEO has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Bank of America lowered their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Diageo currently has an average rating of “Hold” and a consensus target price of $119.00.

Diageo Trading Down 1.0%

Shares of NYSE:DEO opened at $97.69 on Monday. The stock has a market capitalization of $54.38 billion, a PE ratio of 14.26, a P/E/G ratio of 3.55 and a beta of 0.58. Diageo plc has a 1 year low of $93.42 and a 1 year high of $139.96. The firm has a fifty day moving average price of $103.39 and a 200 day moving average price of $105.72. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be issued a $2.5192 dividend. This is a boost from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 516.0%. The ex-dividend date is Friday, October 17th. Diageo’s dividend payout ratio is currently 72.41%.

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.