Diageo plc (NYSE:DEO) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC decreased its position in Diageo plc (NYSE:DEO) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,688 shares of the company’s stock after selling 90 shares during the quarter. ProVise Management Group LLC’s holdings in Diageo were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fragasso Group Inc. lifted its holdings in shares of Diageo by 2.5% in the first quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after buying an additional 73 shares during the period. Avestar Capital LLC lifted its holdings in shares of Diageo by 4.4% during the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $255,000 after purchasing an additional 74 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Diageo by 3.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after purchasing an additional 78 shares during the period. Financial Counselors Inc. increased its stake in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after purchasing an additional 83 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Diageo Trading Down 2.1 %

Shares of NYSE:DEO opened at $133.03 on Friday. The firm has a fifty day moving average of $129.28 and a two-hundred day moving average of $135.47. The firm has a market capitalization of $73.95 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 3.84 and a beta of 0.69. Diageo plc has a 12-month low of $119.48 and a 12-month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is currently 72.61%.

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.