HORAN Wealth LLC Takes $1.55 Million Position in Diageo plc $DEO

HORAN Wealth LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,333 shares of the company’s stock, valued at approximately $1,546,000.

Several other hedge funds have also modified their holdings of DEO. Cheviot Value Management LLC acquired a new position in Diageo in the first quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new position in Diageo in the first quarter valued at approximately $30,000. TruNorth Capital Management LLC acquired a new position in Diageo in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC lifted its holdings in Diageo by 84.0% in the second quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after buying an additional 163 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its holdings in Diageo by 63.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after buying an additional 165 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

DEO opened at $94.00 on Thursday. The firm’s fifty day moving average is $98.77 and its two-hundred day moving average is $104.64. 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 plc has a twelve month low of $90.50 and a twelve month high of $132.34.

Diageo Increases Dividend

The business 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 dividend of $2.5192 per share. The ex-dividend date is Friday, October 17th. This is a positive change from Diageo’s previous semi-annual dividend of $1.62. This represents a dividend yield of 516.0%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DEO. 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 report on Friday, September 26th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $119.00.

About Diageo

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.