MGO One Seven LLC Cuts Stock Holdings in Diageo plc (NYSE:DEO)

MGO One Seven LLC lessened its holdings in Diageo plc (NYSE:DEO) by 16.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,134 shares of the company’s stock after selling 1,375 shares during the quarter. MGO One Seven LLC’s holdings in Diageo were worth $899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEO. Clearbridge Investments LLC raised its stake in Diageo by 7.0% in the first quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock worth $349,785,000 after buying an additional 154,497 shares in the last quarter. Markel Group Inc. lifted its stake in shares of Diageo by 0.5% during the 2nd quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Diageo by 10.5% during the 2nd quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock worth $117,474,000 after purchasing an additional 88,159 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Diageo by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock valued at $124,817,000 after purchasing an additional 14,789 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Diageo by 14.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 753,578 shares of the company’s stock valued at $109,766,000 after purchasing an additional 94,544 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

DEO stock opened at $132.04 on Friday. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $128.86 and a 200 day moving average of $136.11.

Diageo Dividend Announcement

The business also recently disclosed 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 is Friday, August 30th. This represents a dividend yield of 3.2%.

Analyst Upgrades and Downgrades

DEO has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diageo presently has an average rating of “Hold”.

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.