7,052 Shares in Diageo plc $DEO Acquired by OceanIQ Capital LLC

OceanIQ Capital LLC acquired a new stake in Diageo plc (NYSE:DEO) in the second quarter, HoldingsChannel.com reports. The firm acquired 7,052 shares of the company’s stock, valued at approximately $567,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Diageo by 3.7% during the 1st quarter. Bank of America Corp DE now owns 2,913,707 shares of the company’s stock valued at $216,925,000 after buying an additional 103,531 shares during the period. Bank of Montreal Can boosted its holdings in Diageo by 428.7% in the fourth quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock valued at $187,469,000 after acquiring an additional 1,762,027 shares during the last quarter. Morgan Stanley boosted its holdings in Diageo by 32.4% in the fourth quarter. Morgan Stanley now owns 1,947,245 shares of the company’s stock valued at $167,989,000 after acquiring an additional 476,979 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Diageo by 12.4% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,737,346 shares of the company’s stock valued at $149,881,000 after acquiring an additional 191,216 shares during the period. Finally, Raymond James Financial Inc. grew its position in Diageo by 48.5% during the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock valued at $162,410,000 after acquiring an additional 555,509 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 1.6%

Shares of NYSE:DEO opened at $89.19 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. Diageo plc has a one year low of $72.45 and a one year high of $111.19. The business’s 50-day simple moving average is $88.10 and its 200 day simple moving average is $83.84.

Diageo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DEO. TD Cowen reiterated a “buy” rating on shares of Diageo in a report on Monday, August 10th. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a report on Friday, July 17th. UBS Group reaffirmed a “neutral” rating on shares of Diageo in a research report on Thursday, August 27th. Loop Capital set a $99.00 price objective on shares of Diageo in a research report on Thursday, June 18th. Finally, Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.25.

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.