Diageo plc $DEO Shares Acquired by Pavion Blue Capital LLC

Pavion Blue Capital LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,367 shares of the company’s stock after purchasing an additional 112 shares during the period. Diageo makes up approximately 1.2% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 24th largest position. Pavion Blue Capital LLC’s holdings in Diageo were worth $2,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DEO. Brighton Jones LLC purchased a new position in shares of Diageo during the 4th quarter worth approximately $202,000. Bessemer Group Inc. boosted its position in shares of Diageo by 26.9% during the 1st quarter. Bessemer Group Inc. now owns 2,697 shares of the company’s stock worth $283,000 after purchasing an additional 572 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Diageo by 96.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,624 shares of the company’s stock worth $588,000 after purchasing an additional 2,762 shares during the period. Townsend & Associates Inc boosted its position in shares of Diageo by 41.4% during the 1st quarter. Townsend & Associates Inc now owns 139,903 shares of the company’s stock worth $15,347,000 after purchasing an additional 40,977 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in shares of Diageo during the 1st quarter worth approximately $734,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

DEO has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America decreased their price target 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 reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus target price of $119.00.

Diageo Price Performance

Diageo stock opened at $95.20 on Tuesday. The company has a fifty day simple moving average of $101.70 and a 200-day simple moving average of $105.42. Diageo plc has a 12-month low of $93.42 and a 12-month high of $134.23. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64.

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 an increase from Diageo’s previous semi-annual dividend of $1.62. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 516.0%.

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.