Kathleen S. Wright Associates Inc. Grows Stock Position in Diageo plc (NYSE:DEO)

Kathleen S. Wright Associates Inc. raised its position in Diageo plc (NYSE:DEO) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,945 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Diageo were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DEO. Scarborough Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth $25,000. Triad Wealth Partners LLC purchased a new stake in Diageo in the 2nd quarter worth approximately $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the second quarter worth about $25,000. Concord Wealth Partners acquired a new position in shares of Diageo during the 1st quarter worth about $29,000. Finally, Beacon Capital Management LLC raised its holdings in 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 acquiring an additional 171 shares in the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Diageo Stock Up 0.5 %

Shares of Diageo stock traded up $0.70 during midday trading on Monday, hitting $135.39. 269,494 shares of the company traded hands, compared to its average volume of 765,109. Diageo plc has a 12 month low of $119.48 and a 12 month 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 firm’s fifty day moving average price is $131.85 and its 200-day moving average price is $134.14.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.62 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th.

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.