Diageo plc (NYSE:DEO) Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. grew its position in Diageo plc (NYSE:DEO - Free Report) by 29.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,220 shares of the company's stock after buying an additional 8,000 shares during the quarter. Value Partners Investments Inc.'s holdings in Diageo were worth $4,943,000 at the end of the most recent quarter.

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A number of other hedge funds have also made changes to their positions in the company. Fragasso Group Inc. increased its position in Diageo by 2.5% during the 1st quarter. Fragasso Group Inc. now owns 2,947 shares of the company's stock worth $438,000 after purchasing an additional 73 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Diageo by 3.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company's stock worth $321,000 after buying an additional 78 shares during the last quarter. Financial Counselors Inc. boosted its stake in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company's stock worth $326,000 after buying an additional 83 shares during the last quarter. PFG Investments LLC boosted its stake in Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company's stock worth $317,000 after buying an additional 83 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company's stock worth $401,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company's stock.

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Diageo Stock Performance

Shares of NYSE DEO traded down $1.28 during trading on Monday, reaching $136.26. The stock had a trading volume of 443,195 shares, compared to its average volume of 774,602. Diageo plc has a one year low of $119.48 and a one year high of $161.64. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock has a market cap of $75.74 billion, a PE ratio of 19.66, a P/E/G ratio of 3.80 and a beta of 0.69. The firm's 50 day moving average price is $130.93 and its two-hundred day moving average price is $134.58.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%. Diageo's payout ratio is currently 72.40%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DEO shares. Citigroup raised Diageo from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group lowered Diageo from a "neutral" rating to a "sell" rating in a research note on Friday, July 12th. Bank of America raised Diageo from a "neutral" rating to a "buy" rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an "underperform" rating to a "sector perform" rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

View Our Latest Stock Report on DEO

Diageo Company Profile

(Free Report)

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.

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