Diageo plc (NYSE:DEO) Shares Acquired by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lifted its holdings in shares of Diageo plc (NYSE:DEO) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,831 shares of the company’s stock after acquiring an additional 151 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Diageo were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DEO. Beacon Capital Management LLC boosted its position 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 buying an additional 171 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Diageo in the second quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the second quarter worth $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 valued at $42,000 after purchasing an additional 279 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

DEO opened at $134.09 on Monday. The company has a market capitalization of $74.59 billion, a P/E ratio of 18.98, a PEG ratio of 3.84 and a beta of 0.69. The company has a 50-day moving average of $134.02 and a 200-day moving average of $133.42. 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 plc has a 1-year low of $119.48 and a 1-year high of $161.64.

Diageo Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were given a $1.62 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s payout ratio is 71.51%.

Wall Street Analyst Weigh In

DEO has been the topic of several analyst reports. 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. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently 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.