Russell Investments Group Ltd. cut its holdings in Diageo plc (NYSE:DEO) by 60.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,458 shares of the company’s stock after selling 65,302 shares during the period. Russell Investments Group Ltd.’s holdings in Diageo were worth $6,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Investments LLC boosted its holdings in Diageo by 3.4% in the 2nd quarter. Atria Investments LLC now owns 10,336 shares of the company’s stock valued at $1,488,000 after purchasing an additional 344 shares during the period. Segment Wealth Management LLC boosted its holdings in Diageo by 1.9% in the 2nd quarter. Segment Wealth Management LLC now owns 19,082 shares of the company’s stock valued at $2,748,000 after purchasing an additional 350 shares during the period. Advisor Partners LLC boosted its holdings in Diageo by 6.6% in the 2nd quarter. Advisor Partners LLC now owns 5,754 shares of the company’s stock valued at $829,000 after purchasing an additional 354 shares during the period. Griffin Asset Management Inc. boosted its holdings in Diageo by 3.0% in the 1st quarter. Griffin Asset Management Inc. now owns 12,378 shares of the company’s stock valued at $1,676,000 after purchasing an additional 365 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in Diageo by 18.6% in the 2nd quarter. Ballentine Partners LLC now owns 2,419 shares of the company’s stock valued at $349,000 after purchasing an additional 379 shares during the period. 11.64% of the stock is owned by institutional investors.

DEO has been the topic of several research reports. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Macquarie upgraded shares of Diageo from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 21st. Goldman Sachs Group upgraded shares of Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Thursday, July 12th. Sanford C. Bernstein cut shares of Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price objective on the stock. in a research report on Friday, June 29th. Finally, Argus initiated coverage on shares of Diageo in a research report on Friday, July 13th. They set a “buy” rating and a $168.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $157.33.

Shares of NYSE:DEO opened at $139.30 on Thursday. The firm has a market capitalization of $86.81 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. Diageo plc has a 52 week low of $129.99 and a 52 week high of $151.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.37.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, August 10th will be given a $2.1297 dividend. This represents a yield of 2.87%. The ex-dividend date is Thursday, August 9th. This is a boost from Diageo’s previous semiannual dividend of $1.42. Diageo’s dividend payout ratio (DPR) is presently 76.81%.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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