O Brien Greene & Co. Inc Purchases 190 Shares of Diageo plc (NYSE:DEO)

O Brien Greene & Co. Inc raised its position in shares of Diageo plc (NYSE:DEOGet Rating) by 8.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the company’s stock after purchasing an additional 190 shares during the period. O Brien Greene & Co. Inc’s holdings in Diageo were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Diageo by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 788,094 shares of the company’s stock valued at $160,093,000 after purchasing an additional 7,308 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Diageo by 16.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 636 shares of the company’s stock worth $129,000 after purchasing an additional 89 shares during the last quarter. Norris Perne & French LLP MI purchased a new stake in shares of Diageo during the 1st quarter worth $316,000. Institutional & Family Asset Management LLC lifted its stake in shares of Diageo by 1.4% during the 1st quarter. Institutional & Family Asset Management LLC now owns 19,746 shares of the company’s stock worth $4,011,000 after purchasing an additional 277 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Diageo by 13.3% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,932 shares of the company’s stock worth $392,000 after purchasing an additional 227 shares during the last quarter. 9.00% of the stock is owned by institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $175.61 on Wednesday. The stock’s 50-day simple moving average is $181.43 and its 200-day simple moving average is $187.22. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.53 and a quick ratio of 0.69. Diageo plc has a fifty-two week low of $166.24 and a fifty-two week high of $223.14.

Diageo Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, August 26th will be issued a $2.2775 dividend. The ex-dividend date is Thursday, August 25th. This is a positive change from Diageo’s previous semi-annual dividend of $1.57. This represents a dividend yield of 2%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Credit Suisse Group upped their price objective on Diageo from GBX 4,400 ($53.17) to GBX 4,550 ($54.98) in a research note on Friday, July 29th. StockNews.com upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Berenberg Bank upped their price objective on Diageo from GBX 3,900 ($47.12) to GBX 4,160 ($50.27) in a research note on Tuesday, August 2nd. Royal Bank of Canada upped their price objective on Diageo from GBX 2,800 ($33.83) to GBX 3,000 ($36.25) in a research note on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Diageo from GBX 3,300 ($39.87) to GBX 3,350 ($40.48) in a research note on Monday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Diageo has an average rating of “Hold” and an average price target of $4,198.75.

Diageo Profile

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Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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