Keudell Morrison Wealth Management Acquires 507 Shares of Diageo plc $DEO

Keudell Morrison Wealth Management raised its holdings in Diageo plc (NYSE:DEO) by 13.1% in the second quarter, HoldingsChannel.com reports. The firm owned 4,385 shares of the company’s stock after purchasing an additional 507 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Diageo were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in Diageo by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock valued at $271,000 after purchasing an additional 89 shares during the period. SageView Advisory Group LLC raised its position in shares of Diageo by 1.7% in the 1st quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock valued at $571,000 after buying an additional 89 shares in the last quarter. Grove Bank & Trust raised its position in shares of Diageo by 1.3% in the 1st quarter. Grove Bank & Trust now owns 7,560 shares of the company’s stock valued at $792,000 after buying an additional 98 shares in the last quarter. Pinnacle West Asset Management Inc. raised its position in shares of Diageo by 3.2% in the 1st quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock valued at $340,000 after buying an additional 100 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in shares of Diageo by 2.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock valued at $357,000 after buying an additional 101 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DEO. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America dropped their target price on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Stock Down 0.2%

Diageo stock opened at $96.17 on Friday. The firm’s fifty day moving average price is $104.86 and its two-hundred day moving average price is $106.43. The firm has a market capitalization of $53.50 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.45 and a beta of 0.58. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. Diageo plc has a 1-year low of $93.42 and a 1-year high of $139.96.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be given a dividend of $2.5192 per share. The ex-dividend date is Friday, October 17th. This is a boost from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 370.0%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

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.