9,167 Shares in Diageo plc (NYSE:DEO) Acquired by Canoe Financial LP

Canoe Financial LP bought a new stake in Diageo plc (NYSE:DEO - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,167 shares of the company's stock, valued at approximately $1,290,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Triad Wealth Partners LLC acquired a new stake in Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the 2nd quarter valued at approximately $25,000. Concord Wealth Partners bought a new stake in shares of Diageo during the 1st quarter valued at approximately $29,000. Beacon Capital Management LLC increased its position in Diageo by 777.3% during the 1st 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. Finally, Bruce G. Allen Investments LLC lifted its stake in Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company's stock valued at $42,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DEO shares. Royal Bank of Canada upgraded shares of Diageo from an "underperform" rating to a "sector perform" rating in a report on Monday, August 12th. Citigroup raised Diageo from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group downgraded Diageo from a "neutral" rating to a "sell" rating in a research note on Friday, July 12th. Finally, Bank of America upgraded shares of Diageo from a "neutral" rating to a "buy" rating in a research report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Diageo Trading Up 0.1 %

Shares of Diageo stock traded up $0.11 during midday trading on Monday, reaching $133.38. The company had a trading volume of 313,777 shares, compared to its average volume of 756,564. The stock has a fifty day moving average price of $134.02 and a 200 day moving average price of $133.42. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The firm has a market cap of $74.20 billion, a PE ratio of 18.98, a P/E/G ratio of 3.84 and a beta of 0.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were given a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 30th. Diageo's dividend payout ratio (DPR) is presently 71.51%.

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.