Diageo plc (NYSE:DEO) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,525 shares of the company’s stock after selling 395 shares during the period. Checchi Capital Advisers LLC’s holdings in Diageo were worth $318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $25,000. Triad Wealth Partners LLC acquired a new stake in shares of Diageo during the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Diageo in the 2nd quarter valued at approximately $25,000. Concord Wealth Partners acquired a new position in Diageo in the 1st quarter worth approximately $29,000. Finally, Beacon Capital Management LLC grew its position in Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DEO. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Finally, Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2,950.00.

Diageo Trading Down 0.9 %

NYSE DEO opened at $133.12 on Thursday. The company has a market capitalization of $74.00 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 3.55 and a beta of 0.67. Diageo plc has a 1-year low of $119.48 and a 1-year high of $171.07. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $128.48 and its 200-day simple moving average is $137.62.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s dividend payout ratio (DPR) is presently 71.37%.

Diageo Profile

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.