AE Wealth Management LLC Purchases 1,547 Shares of Diageo plc (NYSE:DEO)

AE Wealth Management LLC grew its holdings in Diageo plc (NYSE:DEO) by 106.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,996 shares of the company’s stock after buying an additional 1,547 shares during the period. AE Wealth Management LLC’s holdings in Diageo were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. MQS Management LLC bought a new position in Diageo during the second quarter valued at $643,000. XTX Topco Ltd purchased a new position in Diageo during the second quarter valued at approximately $1,077,000. Optimist Retirement Group LLC lifted its stake in shares of Diageo by 16.5% during the 2nd quarter. Optimist Retirement Group LLC now owns 13,488 shares of the company’s stock worth $1,701,000 after purchasing an additional 1,909 shares during the last quarter. WCG Wealth Advisors LLC grew its position in shares of Diageo by 53.9% in the 2nd quarter. WCG Wealth Advisors LLC now owns 19,201 shares of the company’s stock worth $2,421,000 after buying an additional 6,726 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in Diageo during the 2nd quarter worth $780,000. 8.97% of the stock is owned by institutional investors.

Diageo Price Performance

NYSE:DEO opened at $140.30 on Friday. The firm’s fifty day moving average is $129.58 and its two-hundred day moving average is $135.10. 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 plc has a one year low of $119.48 and a one year high of $161.64.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a dividend of $1.62 per share. This represents a yield of 3.2%. The ex-dividend date is Friday, August 30th.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DEO. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock 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.