Sei Investments Co. Acquires 2,230 Shares of Diageo plc (NYSE:DEO)

Sei Investments Co. grew its holdings in Diageo plc (NYSE:DEO) by 1.7% during the second quarter, HoldingsChannel.com reports. The firm owned 133,341 shares of the company’s stock after acquiring an additional 2,230 shares during the quarter. Sei Investments Co.’s holdings in Diageo were worth $16,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 9258 Wealth Management LLC grew its stake in Diageo by 7.2% in the 4th quarter. 9258 Wealth Management LLC now owns 3,632 shares of the company’s stock worth $529,000 after acquiring an additional 245 shares in the last quarter. Trexquant Investment LP bought a new position in Diageo in the fourth quarter worth approximately $332,000. Hsbc Holdings PLC purchased a new position in Diageo during the 4th quarter worth $2,700,000. TD Asset Management Inc raised its position in Diageo by 78.6% during the 4th quarter. TD Asset Management Inc now owns 8,359 shares of the company’s stock valued at $1,218,000 after purchasing an additional 3,678 shares in the last quarter. Finally, Catalytic Wealth RIA LLC purchased a new stake in shares of Diageo in the 4th quarter worth $368,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Diageo Stock Up 5.3 %

Diageo stock opened at $140.30 on Friday. 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 52 week low of $119.48 and a 52 week high of $161.64. The business’s 50-day moving average price is $129.58 and its 200 day moving average price is $135.10.

Diageo Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%.

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.