8,544 Shares in Diageo plc (NYSE:DEO) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Diageo plc (NYSE:DEO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,544 shares of the company’s stock, valued at approximately $1,077,000.

Other large investors also recently added to or reduced their stakes in the company. 9258 Wealth Management LLC boosted its holdings in Diageo by 7.2% in the fourth quarter. 9258 Wealth Management LLC now owns 3,632 shares of the company’s stock worth $529,000 after purchasing an additional 245 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Diageo during the 4th quarter worth about $332,000. EverSource Wealth Advisors LLC increased its holdings in shares of Diageo by 13.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the company’s stock valued at $102,000 after acquiring an additional 85 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of Diageo by 230.0% during the 4th quarter. SageView Advisory Group LLC now owns 7,669 shares of the company’s stock valued at $1,109,000 after acquiring an additional 5,345 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Diageo in the 4th quarter worth approximately $2,700,000. 8.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Diageo Trading Down 2.1 %

Shares of DEO stock opened at $133.03 on Friday. The firm has a market capitalization of $73.95 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64. The firm’s fifty day simple moving average is $129.28 and its 200 day simple moving average is $135.38. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders 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 is currently 72.61%.

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.