Havemeyer Place LP Acquires Shares of 9,789 Diageo plc $DEO

Havemeyer Place LP acquired a new position in shares of Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,789 shares of the company’s stock, valued at approximately $844,000.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in shares of Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Diageo by 8,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new stake in Diageo in the 3rd quarter worth about $32,000. Flagship Harbor Advisors LLC bought a new stake in Diageo in the 4th quarter worth about $30,000. Finally, GGM Financials LLC purchased a new stake in Diageo in the 3rd quarter valued at about $36,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $80.32 on Tuesday. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. The company’s 50-day moving average price is $80.24 and its two-hundred day moving average price is $85.45. The company has a current ratio of 1.60, a quick ratio of 0.71 and a debt-to-equity ratio of 1.53.

Diageo Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 4th. Stockholders of record on Friday, April 17th were paid a dividend of $0.80 per share. The ex-dividend date was Friday, April 17th. This represents a dividend yield of 195.0%.

Wall Street Analyst Weigh In

Several research firms have commented on DEO. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Monday, April 20th. BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Argus raised Diageo to a “hold” rating in a research report on Tuesday, March 10th. HSBC downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average price target of $116.50.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.