DRH Investments Inc. Grows Stock Holdings in Diageo plc (NYSE:DEO)

DRH Investments Inc. increased its stake in Diageo plc (NYSE:DEO) by 46.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,495 shares of the company’s stock after purchasing an additional 9,987 shares during the period. Diageo accounts for 4.3% of DRH Investments Inc.’s portfolio, making the stock its 8th largest holding. DRH Investments Inc.’s holdings in Diageo were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DEO. Fragasso Group Inc. boosted its stake in shares of Diageo by 2.5% in the 1st quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after purchasing an additional 73 shares during the last quarter. Avestar Capital LLC boosted its stake in Diageo by 4.4% in the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $255,000 after acquiring an additional 74 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Diageo by 3.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after acquiring an additional 78 shares during the period. Financial Counselors Inc. grew its holdings in Diageo by 3.3% during the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after acquiring an additional 83 shares during the period. Finally, PFG Investments LLC raised its position in shares of Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 2.1 %

NYSE:DEO opened at $133.03 on Friday. The stock has a market cap of $73.95 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 3.84 and a beta of 0.69. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average price of $129.28 and a two-hundred day moving average price of $135.47. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64.

Diageo Dividend Announcement

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 $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s dividend payout ratio is presently 72.61%.

Wall Street Analyst Weigh In

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

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.