WCG Wealth Advisors LLC Purchases 6,726 Shares of Diageo plc (NYSE:DEO)

WCG Wealth Advisors LLC raised its position in shares of Diageo plc (NYSE:DEO) by 53.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,201 shares of the company’s stock after acquiring an additional 6,726 shares during the period. WCG Wealth Advisors LLC’s holdings in Diageo were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Confluence Investment Management LLC bought a new stake in shares of Diageo in the 1st quarter worth about $125,474,000. Public Employees Retirement Association of Colorado increased its stake in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after acquiring an additional 472,583 shares during the last quarter. Hsbc Holdings PLC raised its position in Diageo by 416.0% during the second quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock valued at $65,939,000 after purchasing an additional 420,778 shares during the period. Wellington Management Group LLP lifted its stake 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 purchasing an additional 245,255 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Diageo by 12,174.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock worth $31,045,000 after purchasing an additional 244,223 shares during the period. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Diageo stock opened at $132.92 on Thursday. The firm has a 50-day moving average of $129.17 and a two-hundred day moving average of $135.59. Diageo plc has a 1 year low of $119.48 and a 1 year 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.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be paid a $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 3.2%.

Analysts Set New Price Targets

A number of analysts recently issued reports on DEO shares. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. 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. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.