Creative Planning Acquires 4,980 Shares of Diageo plc (NYSE:DEO)

Creative Planning increased its stake in Diageo plc (NYSE:DEO - Free Report) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,970 shares of the company's stock after purchasing an additional 4,980 shares during the quarter. Creative Planning's holdings in Diageo were worth $6,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DEO. Beacon Capital Management LLC increased its stake in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company's stock worth $29,000 after purchasing an additional 171 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Diageo in the 2nd quarter worth $25,000. Concord Wealth Partners bought a new stake in Diageo during the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new position in shares of Diageo in the second quarter valued at about $25,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Diageo by 1,395.0% in the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock worth $42,000 after acquiring an additional 279 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Diageo Price Performance

DEO stock traded up $0.24 during trading on Thursday, hitting $134.43. 444,967 shares of the company's stock traded hands, compared to its average volume of 761,117. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The stock has a market capitalization of $74.73 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 3.77 and a beta of 0.69. The business has a fifty day simple moving average of $133.85 and a 200 day simple moving average of $133.62. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, August 30th were given a $1.62 dividend. The ex-dividend date was Friday, August 30th. This represents a yield of 3.2%. Diageo's dividend payout ratio is currently 71.37%.

Diageo Profile

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.