Vanguard Personalized Indexing Management LLC Sells 274 Shares of Diageo plc (NYSE:DEO)

Vanguard Personalized Indexing Management LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,444 shares of the company’s stock after selling 274 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Diageo were worth $1,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in shares of Diageo during the fourth quarter valued at approximately $25,000. Beacon Capital Management LLC raised its holdings in shares of Diageo by 777.3% during the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Diageo during the second quarter valued at approximately $25,000. Concord Wealth Partners purchased a new position in shares of Diageo during the first quarter valued at approximately $29,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Diageo during the second quarter valued at approximately $25,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Performance

Shares of NYSE DEO opened at $133.03 on Friday. The firm has a fifty day moving average price of $129.28 and a 200-day moving average price of $135.38. 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 stock has a market cap of $73.95 billion, a PE 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.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be paid 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 (DPR) is presently 72.61%.

Analysts Set New Price Targets

DEO has been the subject of a number of research reports. Bank of America raised 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. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Diageo 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.