DMC Group LLC Has $349,000 Stock Holdings in Diageo plc $DEO

DMC Group LLC boosted its position in shares of Diageo plc (NYSE:DEOFree Report) by 39.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,457 shares of the company’s stock after purchasing an additional 976 shares during the period. DMC Group LLC’s holdings in Diageo were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $202,000. Rhumbline Advisers increased its holdings in shares of Diageo by 6.7% during the 1st quarter. Rhumbline Advisers now owns 4,783 shares of the company’s stock valued at $501,000 after acquiring an additional 299 shares during the last quarter. NBC Securities Inc. lifted its holdings in Diageo by 109,700.0% in 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 during the last quarter. Merit Financial Group LLC grew its holdings in Diageo by 151.2% during the first quarter. Merit Financial Group LLC now owns 5,024 shares of the company’s stock valued at $526,000 after purchasing an additional 3,024 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Diageo by 3.9% in the first quarter. Park Avenue Securities LLC now owns 10,645 shares of the company’s stock valued at $1,116,000 after purchasing an additional 400 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on DEO

Diageo Stock Up 1.6%

NYSE DEO opened at $95.89 on Wednesday. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. The stock has a market cap of $53.35 billion, a PE ratio of 14.00, a PEG ratio of 3.38 and a beta of 0.58. The firm has a 50-day simple moving average of $104.49 and a 200 day simple moving average of $106.26.

Diageo Increases Dividend

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

About Diageo

(Free Report)

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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