Diageo plc (NYSE:DEO) Shares Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC boosted its position in Diageo plc (NYSE:DEO) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,488 shares of the company’s stock after purchasing an additional 1,909 shares during the quarter. Optimist Retirement Group LLC’s holdings in Diageo were worth $1,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC purchased a new stake in shares of Diageo during the fourth quarter worth $25,000. Triad Wealth Partners LLC acquired a new position in Diageo during the second quarter worth about $25,000. 1620 Investment Advisors Inc. purchased a new stake in Diageo during the 2nd quarter valued at about $25,000. Concord Wealth Partners acquired a new stake in Diageo in the 1st quarter valued at about $29,000. Finally, Beacon Capital Management LLC lifted its stake in Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DEO shares. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diageo has an average rating of “Hold”.

Diageo Trading Down 0.4 %

DEO stock opened at $132.92 on Thursday. Diageo plc has a 52-week low of $119.48 and a 52-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 has a fifty day moving average of $129.17 and a two-hundred day moving average of $135.59.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors 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 of this dividend is Friday, August 30th.

Diageo Company 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.