Diageo plc (NYSE:DEO) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,184 shares of the company's stock after selling 13,561 shares during the period. Boston Financial Mangement LLC's holdings in Diageo were worth $6,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its position in shares of Diageo by 3.8% in the first quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company's stock valued at $321,000 after acquiring an additional 78 shares in the last quarter. Financial Counselors Inc. lifted its holdings in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company's stock valued at $326,000 after purchasing an additional 83 shares in the last quarter. PFG Investments LLC boosted its stake in Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company's stock worth $317,000 after purchasing an additional 83 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in shares of Diageo by 2.8% during the second quarter. Gradient Investments LLC now owns 3,181 shares of the company's stock worth $401,000 after buying an additional 86 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 2.4 %

DEO traded down $3.22 during trading hours on Tuesday, reaching $130.16. The company's stock had a trading volume of 612,040 shares, compared to its average volume of 755,872. The stock has a market cap of $72.40 billion, a PE ratio of 18.54, a P/E/G ratio of 3.84 and a beta of 0.69. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business's 50-day moving average is $134.10 and its 200-day moving average is $133.37.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were paid a $1.62 dividend. 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 71.37%.

Analyst Ratings Changes

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

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.