1,676 Shares in Diageo plc (NYSE:DEO) Purchased by Aspiriant LLC

Aspiriant LLC bought a new stake in Diageo plc (NYSE:DEO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,676 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can grew its stake in Diageo by 1,034.5% in the second quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Diageo by 416.0% in the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after acquiring an additional 420,778 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Diageo by 56.7% in the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after acquiring an additional 245,255 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Diageo by 12,174.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after acquiring an additional 244,223 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Diageo by 7.0% during the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock worth $349,785,000 after purchasing an additional 154,497 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DEO shares. The Goldman Sachs Group lowered shares of 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 report on Thursday, September 12th. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Diageo Trading Up 1.1 %

Shares of DEO stock opened at $139.42 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock has a 50-day simple moving average of $133.30 and a 200 day simple moving average of $133.93. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The stock has a market capitalization of $77.50 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.77 and a beta of 0.69.

Diageo Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, August 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s 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.