Nicholas Hoffman & Company LLC. Acquires 203 Shares of Diageo plc (NYSE:DEO)

Nicholas Hoffman & Company LLC. raised its holdings in shares of Diageo plc (NYSE:DEO) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,212 shares of the company’s stock after purchasing an additional 203 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Diageo were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Scarborough Advisors LLC bought a new position in shares of Diageo in the 4th quarter valued at about $25,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Diageo in the 3rd quarter valued at approximately $27,000. Planned Solutions Inc. purchased a new position in shares of Diageo in the 4th quarter worth approximately $27,000. MCF Advisors LLC bought a new position in shares of Diageo during the 3rd quarter valued at approximately $30,000. Finally, Addison Advisors LLC increased its position in shares of Diageo by 97.3% during the 4th quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of analyst reports. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3,797.50.

Diageo Trading Down 0.8 %

Diageo stock traded down $1.06 during mid-day trading on Tuesday, hitting $138.18. The company’s stock had a trading volume of 1,264,346 shares, compared to its average volume of 805,534. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The company has a 50 day moving average of $145.90 and a 200-day moving average of $145.86. Diageo plc has a one year low of $135.63 and a one year high of $188.23. The stock has a market cap of $76.97 billion, a PE ratio of 17.51, a P/E/G ratio of 3.27 and a beta of 0.66.

Diageo Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were issued a $1.62 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th. Diageo’s payout ratio is presently 40.81%.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.