Councilmark Asset Management LLC Acquires Shares of 7,875 Diageo plc $DEO

Councilmark Asset Management LLC purchased a new position in shares of Diageo plc (NYSE:DEO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,875 shares of the company’s stock, valued at approximately $633,000.

A number of other institutional investors also recently added to or reduced their stakes in DEO. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo during the 1st quarter valued at $34,000. Basepoint Wealth LLC acquired a new position in shares of Diageo during the 4th quarter valued at about $55,000. MCF Advisors LLC increased its position in Diageo by 2,776.0% during the fourth quarter. MCF Advisors LLC now owns 719 shares of the company’s stock worth $62,000 after purchasing an additional 694 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of Diageo in the 1st quarter worth $54,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Diageo during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. TD Cowen reiterated a “buy” rating on shares of Diageo in a research report on Monday, August 10th. Finally, Loop Capital set a $99.00 target price on shares of Diageo in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.25.

Diageo Price Performance

NYSE DEO opened at $94.75 on Wednesday. The stock’s 50-day moving average is $86.48 and its two-hundred day moving average is $84.14. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.62 and a current ratio of 1.60. Diageo plc has a fifty-two week low of $72.45 and a fifty-two week high of $113.36.

Diageo Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, October 16th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a dividend yield of 252.0%.

About Diageo

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.