Checchi Capital Advisers LLC Sells 107 Shares of Diageo plc $DEO

Checchi Capital Advisers LLC lowered its position in shares of Diageo plc (NYSE:DEO) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,272 shares of the company’s stock after selling 107 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Diageo were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Diageo during the 4th quarter worth about $202,000. Rhumbline Advisers boosted its position in shares of Diageo by 6.7% during the 1st quarter. Rhumbline Advisers now owns 4,783 shares of the company’s stock worth $501,000 after purchasing an additional 299 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Diageo by 109,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,098 shares of the company’s stock worth $115,000 after purchasing an additional 1,097 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Diageo by 151.2% during the 1st quarter. Merit Financial Group LLC now owns 5,024 shares of the company’s stock worth $526,000 after purchasing an additional 3,024 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Diageo by 3.9% during the 1st quarter. Park Avenue Securities LLC now owns 10,645 shares of the company’s stock worth $1,116,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 1.6%

DEO opened at $95.89 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. Diageo plc has a fifty-two week low of $93.42 and a fifty-two week high of $139.96. The firm has a market capitalization of $53.35 billion, a PE ratio of 14.00, a P/E/G ratio of 3.38 and a beta of 0.58. The company’s 50-day moving average is $104.49 and its 200 day moving average is $106.26.

Diageo Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on DEO. Bank of America cut their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Four research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $119.00.

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.