XTX Topco Ltd Buys New Holdings in Diageo plc (NYSE:DEO)

XTX Topco Ltd purchased a new position in shares of Diageo plc (NYSE:DEO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,544 shares of the company’s stock, valued at approximately $1,077,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its holdings in shares of Diageo by 4,665.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after buying an additional 472,583 shares in the last quarter. Beacon Financial Group bought a new position in shares of Diageo during the fourth quarter valued at $296,000. Wellington Management Group LLP boosted its stake in shares of Diageo by 56.7% in the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after purchasing an additional 245,255 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Diageo by 16.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Diageo by 461.4% in the 1st quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after purchasing an additional 58,048 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO stock opened at $133.03 on Friday. The stock’s fifty day moving average is $129.28 and its 200-day moving average is $135.38. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock has a market capitalization of $73.95 billion, a PE ratio of 19.28, a PEG ratio of 3.84 and a beta of 0.69. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be issued 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 payout ratio is presently 72.61%.

Analyst Upgrades and Downgrades

DEO has been the subject of several analyst reports. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

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.