Valeo Financial Advisors LLC Buys 329 Shares of Diageo plc $DEO

Valeo Financial Advisors LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 31,209 shares of the company’s stock after acquiring an additional 329 shares during the period. Valeo Financial Advisors LLC’s holdings in Diageo were worth $3,147,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of Diageo by 1,544.5% during the 1st quarter. BNP Paribas Financial Markets now owns 396,676 shares of the company’s stock valued at $41,568,000 after purchasing an additional 372,555 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in shares of Diageo during the 1st quarter valued at $36,050,000. Confluence Investment Management LLC increased 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 valued at $136,217,000 after purchasing an additional 165,839 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of Diageo during the 1st quarter valued at $16,944,000. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Diageo during the 1st quarter valued at $4,161,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DEO. Bank of America decreased 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. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Trading Down 2.0%

Shares of DEO opened at $94.36 on Tuesday. The business has a 50-day moving average of $104.66 and a 200 day moving average of $106.33. Diageo plc has a fifty-two week low of $93.42 and a fifty-two week high of $139.96. The firm has a market cap of $52.50 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 3.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be paid a $2.5192 dividend. The ex-dividend date is Friday, October 17th. This represents a yield of 370.0%. This is an increase from Diageo’s previous semi-annual dividend of $1.62. Diageo’s dividend payout ratio is 46.42%.

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.