Cwm LLC Has $312,000 Holdings in Diageo plc $DEO

Cwm LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,099 shares of the company’s stock after acquiring an additional 199 shares during the period. Cwm LLC’s holdings in Diageo were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Vanguard Personalized Indexing Management LLC increased its holdings in Diageo by 6.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,605 shares of the company’s stock worth $1,674,000 after purchasing an additional 965 shares in the last quarter. Sather Financial Group Inc grew its holdings in shares of Diageo by 68.2% during the second quarter. Sather Financial Group Inc now owns 4,927 shares of the company’s stock worth $497,000 after buying an additional 1,998 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Diageo by 12.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,460 shares of the company’s stock valued at $1,660,000 after buying an additional 1,885 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in Diageo by 5.2% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 40,101 shares of the company’s stock valued at $4,044,000 after acquiring an additional 1,974 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Diageo by 36.5% in the 2nd quarter. Blue Trust Inc. now owns 6,771 shares of the company’s stock valued at $683,000 after acquiring an additional 1,810 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DEO. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Friday. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Bank of America cut their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Price Performance

NYSE:DEO opened at $96.19 on Monday. Diageo plc has a 1-year low of $93.42 and a 1-year high of $134.71. The firm has a fifty day simple moving average of $102.01 and a 200 day simple moving average of $105.51. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64.

Diageo Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be paid a dividend of $2.5192 per share. The ex-dividend date is Friday, October 17th. This represents a dividend yield of 516.0%. This is a boost from Diageo’s previous semi-annual dividend of $1.62.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.