Bulltick Wealth Management LLC Boosts Position in Diageo plc (NYSE:DEO)

Bulltick Wealth Management LLC lifted its holdings in Diageo plc (NYSE:DEO) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,350 shares of the company’s stock after acquiring an additional 6,295 shares during the period. Diageo makes up 1.5% of Bulltick Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Bulltick Wealth Management LLC’s holdings in Diageo were worth $5,970,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DEO. Clearbridge Investments LLC increased its holdings in Diageo by 7.0% in the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock valued at $349,785,000 after purchasing an additional 154,497 shares in the last quarter. Markel Group Inc. grew its stake in shares of Diageo by 0.5% in the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after buying an additional 6,300 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Diageo by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,127,576 shares of the company’s stock valued at $142,165,000 after buying an additional 74,745 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Diageo by 2.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,106,473 shares of the company’s stock worth $139,504,000 after acquiring an additional 23,435 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its holdings in Diageo by 10.5% in the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock worth $117,474,000 after acquiring an additional 88,159 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

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

Diageo Stock Performance

Shares of DEO stock opened at $133.03 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock has a market capitalization of $73.95 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 3.84 and a beta of 0.69. Diageo plc has a one year low of $119.48 and a one year high of $161.64. The company’s 50-day simple moving average is $129.28 and its 200-day simple moving average is $135.47.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders 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 payout ratio is 72.61%.

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.