Capital Group Private Client Services Inc. Has $309,000 Stake in Diageo plc (NYSE:DEO)

Capital Group Private Client Services Inc. increased its holdings in Diageo plc (NYSE:DEOGet Rating) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,519 shares of the company’s stock after buying an additional 158 shares during the period. Capital Group Private Client Services Inc.’s holdings in Diageo were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in Diageo by 1,416,332.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,671,390 shares of the company’s stock valued at $339,526,000 after purchasing an additional 1,671,272 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in Diageo by 19,795.6% during the first quarter. Aaron Wealth Advisors LLC now owns 415,421 shares of the company’s stock valued at $2,045,000 after purchasing an additional 413,333 shares in the last quarter. Gluskin Sheff & Assoc Inc. acquired a new position in Diageo during the fourth quarter valued at approximately $13,286,000. Clark Capital Management Group Inc. acquired a new position in Diageo during the fourth quarter valued at approximately $25,856,000. Finally, Cambiar Investors LLC acquired a new position in Diageo during the first quarter valued at approximately $20,194,000. 9.00% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of Diageo stock opened at $176.07 on Thursday. 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 twelve month low of $166.24 and a twelve month high of $223.14. The company’s fifty day moving average is $181.43 and its 200 day moving average is $187.22.

Diageo Increases Dividend

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

Analyst Ratings Changes

DEO has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Diageo from GBX 4,300 ($51.96) to GBX 4,500 ($54.37) in a research report on Tuesday, August 2nd. Barclays upped their price target on shares of Diageo from GBX 5,040 ($60.90) to GBX 5,430 ($65.61) in a report on Friday, July 29th. Morgan Stanley lowered their price target on shares of Diageo from GBX 4,500 ($54.37) to GBX 4,100 ($49.54) in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Diageo from GBX 3,300 ($39.87) to GBX 3,350 ($40.48) in a report on Monday. Finally, Kepler Capital Markets downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus 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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