Creative Planning Has $6.73 Million Stock Holdings in Diageo plc (NYSE:DEO)

Creative Planning boosted its position in Diageo plc (NYSE:DEO) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,970 shares of the company’s stock after acquiring an additional 4,980 shares during the period. Creative Planning’s holdings in Diageo were worth $6,732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of Diageo during the 2nd quarter worth approximately $25,000. 1620 Investment Advisors Inc. acquired a new stake in Diageo during the 2nd quarter worth $25,000. Concord Wealth Partners bought a new stake in shares of Diageo during the 1st quarter valued at $29,000. Beacon Capital Management LLC lifted its stake in shares of Diageo by 777.3% in the 1st 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 period. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Diageo by 1,395.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after purchasing an additional 279 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Down 1.9 %

NYSE:DEO opened at $134.19 on Thursday. 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 business’s 50-day simple moving average is $133.85 and its 200-day simple moving average is $133.62. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The stock has a market capitalization of $74.59 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 3.77 and a beta of 0.69.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were issued a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date was Friday, August 30th. Diageo’s dividend payout ratio (DPR) is presently 71.37%.

Analyst Ratings Changes

DEO has been the topic of several analyst reports. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 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 shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo presently 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.