Daymark Wealth Partners LLC Purchases 233 Shares of Diageo plc $DEO

Daymark Wealth Partners LLC boosted its position in shares of Diageo plc (NYSE:DEO) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,547 shares of the company’s stock after acquiring an additional 233 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Diageo were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Diageo by 3.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,441,300 shares of the company’s stock worth $151,034,000 after acquiring an additional 42,740 shares in the last quarter. Confluence Investment Management LLC raised its position in Diageo by 14.0% during the second quarter. Confluence Investment Management LLC now owns 1,350,826 shares of the company’s stock worth $136,217,000 after acquiring an additional 165,839 shares in the last quarter. Raymond James Financial Inc. raised its position in Diageo by 9.8% during the first quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company’s stock worth $112,080,000 after acquiring an additional 95,037 shares in the last quarter. LPL Financial LLC raised its position in Diageo by 2.2% during the first quarter. LPL Financial LLC now owns 434,735 shares of the company’s stock worth $45,556,000 after acquiring an additional 9,306 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Diageo by 11.7% during the second quarter. Douglas Lane & Associates LLC now owns 419,290 shares of the company’s stock worth $42,281,000 after acquiring an additional 44,011 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

NYSE DEO opened at $91.05 on Friday. The firm has a 50-day moving average of $100.36 and a 200-day moving average of $105.11. 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 52-week low of $90.50 and a 52-week high of $132.34.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be paid a dividend of $2.5192 per share. The ex-dividend date is Friday, October 17th. This represents a dividend yield of 516.0%. This is a boost from Diageo’s previous semi-annual dividend of $1.62.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DEO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Bank of America dropped their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Company 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.