Greenfield Savings Bank Invests $202,000 in Diageo plc (NYSE:DEO)

Greenfield Savings Bank bought a new stake in Diageo plc (NYSE:DEO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,440 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. Beacon Financial Group acquired a new stake in shares of Diageo in the fourth quarter valued at about $296,000. Wellington Management Group LLP grew its stake in shares of Diageo by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Diageo by 16.4% during the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after buying an additional 1,011 shares during the last quarter. Cetera Investment Advisers raised its position in Diageo by 461.4% during the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after acquiring an additional 58,048 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Diageo by 2,128.6% in the first quarter. Geneos Wealth Management Inc. now owns 9,494 shares of the company’s stock valued at $1,412,000 after acquiring an additional 9,068 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Diageo Stock Down 0.9 %

NYSE DEO opened at $136.26 on Tuesday. The company has a 50 day moving average of $130.93 and a 200-day moving average of $134.58. Diageo plc has a 1-year low of $119.48 and a 1-year high of $161.64. 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 company has a market cap of $75.74 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 3.80 and a beta of 0.69.

Diageo Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is currently 72.40%.

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.