Fox Run Management L.L.C. Acquires 7,419 Shares of Diageo plc $DEO

Fox Run Management L.L.C. raised its holdings in Diageo plc (NYSE:DEO) by 178.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,576 shares of the company’s stock after acquiring an additional 7,419 shares during the period. Fox Run Management L.L.C.’s holdings in Diageo were worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC acquired a new stake in shares of Diageo in the 1st quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in Diageo in the first quarter valued at approximately $30,000. Cheviot Value Management LLC acquired a new position in shares of Diageo during the first quarter worth $31,000. Whipplewood Advisors LLC boosted its holdings in shares of Diageo by 84.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted 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. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Up 4.0%

Diageo stock opened at $90.71 on Friday. The stock’s 50 day moving average is $97.85 and its 200 day moving average is $104.33. Diageo plc has a one year low of $86.57 and a one year 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.

Diageo Increases Dividend

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

Analyst Upgrades and Downgrades

DEO has been the subject of several research reports. Bank of America dropped their target price on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. 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 MarketBeat, Diageo presently has an average rating of “Hold” and a consensus 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.