Marble Harbor Investment Counsel LLC Buys 825 Shares of Diageo plc (NYSE:DEO)

Marble Harbor Investment Counsel LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,443 shares of the company’s stock after purchasing an additional 825 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Diageo were worth $2,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DEO. Confluence Investment Management LLC bought a new stake in shares of Diageo in the 1st quarter valued at about $125,474,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Diageo by 4,665.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after buying an additional 472,583 shares during the period. Saratoga Research & Investment Management bought a new stake in shares of Diageo in the 4th quarter valued at $42,225,000. Wellington Management Group LLP raised its stake in Diageo by 56.7% during the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after buying an additional 245,255 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Diageo by 12,174.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock worth $31,045,000 after buying an additional 244,223 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Down 0.9 %

NYSE:DEO opened at $132.11 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The business has a 50 day moving average price of $128.86 and a two-hundred day moving average price of $135.86.

Diageo Announces Dividend

The firm also recently announced 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. This represents a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report 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 investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company 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.