Anchor Capital Advisors LLC Has $9.17 Million Position in Diageo plc $DEO

Anchor Capital Advisors LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,980 shares of the company’s stock after acquiring an additional 1,312 shares during the period. Anchor Capital Advisors LLC’s holdings in Diageo were worth $9,174,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DEO. BNP Paribas Financial Markets grew its holdings in Diageo by 1,544.5% during the 1st quarter. BNP Paribas Financial Markets now owns 396,676 shares of the company’s stock worth $41,568,000 after acquiring an additional 372,555 shares during the period. Orbis Allan Gray Ltd bought a new position in shares of Diageo during the 1st quarter worth about $36,050,000. Confluence Investment Management LLC boosted its position in shares of Diageo by 14.0% during the 2nd quarter. Confluence Investment Management LLC now owns 1,350,826 shares of the company’s stock worth $136,217,000 after purchasing an additional 165,839 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of Diageo during the 1st quarter worth about $16,944,000. Finally, Partners Capital Investment Group LLP bought a new position in shares of Diageo during the 1st quarter worth about $4,161,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DEO. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, Bank of America cut 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 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Trading Up 1.0%

Shares of NYSE DEO opened at $94.00 on Thursday. Diageo plc has a fifty-two week low of $90.50 and a fifty-two week high of $132.34. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm’s 50-day simple moving average is $98.77 and its 200 day simple moving average is $104.64.

Diageo Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a $2.5192 dividend. This represents a yield of 516.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from Diageo’s previous semi-annual dividend of $1.62.

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.