HB Wealth Management LLC raised its holdings in Diageo plc (NYSE:DEO – Get Rating) by 147.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,623 shares of the company's stock after purchasing an additional 2,758 shares during the quarter. HB Wealth Management LLC's holdings in Diageo were worth $805,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Diageo by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 788,094 shares of the company's stock worth $160,093,000 after acquiring an additional 7,308 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Diageo by 16.3% during the first quarter. Pinnacle Bancorp Inc. now owns 636 shares of the company's stock worth $129,000 after acquiring an additional 89 shares during the last quarter. Norris Perne & French LLP MI bought a new stake in shares of Diageo during the first quarter worth $316,000. Magnolia Wealth Management LLC bought a new stake in shares of Diageo during the first quarter worth $1,593,000. Finally, Institutional & Family Asset Management LLC raised its position in shares of Diageo by 1.4% during the first quarter. Institutional & Family Asset Management LLC now owns 19,746 shares of the company's stock worth $4,011,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 9.00% of the company's stock.
Get Diageo alerts:Diageo Stock Down 2.9 %
NYSE:DEO opened at $166.89 on Monday. Diageo plc has a 1 year low of $165.50 and a 1 year high of $223.14. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.53 and a quick ratio of 0.69. The stock has a 50-day moving average price of $181.52 and a two-hundred day moving average price of $186.39.
Diageo Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, August 26th will be given a dividend of $2.2775 per share. This is a boost from Diageo's previous semi-annual dividend of $1.57. This represents a dividend yield of 2%. The ex-dividend date is Thursday, August 25th.Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on DEO shares. Barclays boosted their target price on Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a research report on Friday, July 29th. Royal Bank of Canada lifted their price objective on Diageo from GBX 2,800 ($33.83) to GBX 3,000 ($36.25) in a research note on Friday, July 29th. Berenberg Bank lifted their price objective on Diageo from GBX 3,900 ($47.12) to GBX 4,160 ($50.27) in a research note on Tuesday, August 2nd. UBS Group lifted their price objective on Diageo from GBX 4,300 ($51.96) to GBX 4,500 ($54.37) in a research note on Tuesday, August 2nd. Finally, StockNews.com raised Diageo from a "hold" rating to a "buy" rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Diageo currently has an average rating of "Hold" and a consensus target price of $4,198.75.
Diageo Profile
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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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