Euro Pacific Asset Management LLC Grows Stock Holdings in Diageo plc $DEO

Euro Pacific Asset Management LLC grew its position in shares of Diageo plc (NYSE:DEO) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,286 shares of the company’s stock after acquiring an additional 211 shares during the period. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $837,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barrett & Company Inc. bought a new stake in shares of Diageo in the 1st quarter worth approximately $27,000. Abound Financial LLC bought a new position in shares of Diageo during the first quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Diageo in the first quarter worth about $30,000. TruNorth Capital Management LLC bought a new stake in shares of Diageo in the 1st quarter valued at about $30,000. Finally, Truvestments Capital LLC purchased a new stake in Diageo during the 1st quarter valued at about $30,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on DEO shares. Bank of America decreased their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Saturday, September 27th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $119.00.

Diageo Price Performance

Shares of DEO stock opened at $96.17 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market cap of $53.50 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 3.45 and a beta of 0.58. The business’s fifty day moving average is $104.86 and its 200 day moving average is $106.42. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be given a $2.5192 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 370.0%. This is an increase from Diageo’s previous semi-annual dividend of $1.62. Diageo’s payout ratio is presently 46.42%.

About Diageo

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.