Sage Rhino Capital LLC Has $213,000 Stock Holdings in Diageo plc (NYSE:DEO)

Sage Rhino Capital LLC cut its holdings in Diageo plc (NYSE:DEO) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,688 shares of the company’s stock after selling 267 shares during the quarter. Sage Rhino Capital LLC’s holdings in Diageo were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEO. Scarborough Advisors LLC bought a new position in Diageo in the fourth quarter valued at about $25,000. Triad Wealth Partners LLC bought a new position in Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. bought a new position in Diageo in the second quarter valued at about $25,000. Concord Wealth Partners bought a new position in Diageo in the first quarter valued at about $29,000. Finally, Beacon Capital Management LLC boosted its holdings in Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DEO has been the topic of a number of recent analyst reports. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2,950.00.

Diageo Stock Down 0.2 %

Shares of NYSE:DEO traded down $0.25 during trading on Friday, hitting $130.76. 791,888 shares of the company were exchanged, compared to its average volume of 772,835. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 3.55 and a beta of 0.67. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $171.07. The firm has a fifty day moving average price of $128.59 and a two-hundred day moving average price of $137.56. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be given a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is 71.37%.

About Diageo

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.