Advisory Services Network LLC Sells 92 Shares of Diageo plc (NYSE:DEO)

Advisory Services Network LLC trimmed its holdings in shares of Diageo plc (NYSE:DEOGet Rating) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,245 shares of the company’s stock after selling 92 shares during the quarter. Advisory Services Network LLC’s holdings in Diageo were worth $2,690,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DEO. Massachusetts Financial Services Co. MA boosted its stake in shares of Diageo by 0.9% in 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. grew its position in Diageo by 16.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 636 shares of the company’s stock valued at $129,000 after purchasing an additional 89 shares during the period. Norris Perne & French LLP MI acquired a new stake in Diageo in the 1st quarter valued at $316,000. Magnolia Wealth Management LLC purchased a new position in Diageo during the 1st quarter worth $1,593,000. Finally, Institutional & Family Asset Management LLC boosted its holdings in 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 acquiring an additional 277 shares during the last quarter. 9.00% of the stock is owned by institutional investors.

Diageo Stock Down 0.2 %

Shares of NYSE DEO opened at $173.91 on Friday. The business has a 50-day moving average of $181.53 and a two-hundred day moving average of $186.96. The company has a quick ratio of 0.69, a current ratio of 1.53 and a debt-to-equity ratio of 1.60. Diageo plc has a 1 year low of $166.24 and a 1 year high of $223.14.

Diageo Increases Dividend

The business also recently announced 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. The ex-dividend date is Thursday, August 25th. This represents a yield of 2%. This is a positive change from Diageo’s previous semi-annual dividend of $1.57.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of research reports. UBS Group boosted their price objective on Diageo from GBX 4,300 ($51.96) to GBX 4,500 ($54.37) in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Diageo from GBX 3,300 ($39.87) to GBX 3,350 ($40.48) in a research note on Monday, September 12th. Kepler Capital Markets lowered Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. StockNews.com upgraded Diageo from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, BNP Paribas downgraded Diageo to a “neutral” rating in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average 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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