Diageo plc (NYSE:DEO) Shares Acquired by Regal Investment Advisors LLC

Regal Investment Advisors LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,024 shares of the company’s stock after purchasing an additional 120 shares during the quarter. Regal Investment Advisors LLC’s holdings in Diageo were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DEO. 9258 Wealth Management LLC lifted its holdings in shares of Diageo by 7.2% during the fourth quarter. 9258 Wealth Management LLC now owns 3,632 shares of the company’s stock worth $529,000 after purchasing an additional 245 shares during the period. Trexquant Investment LP acquired a new stake in shares of Diageo during the fourth quarter worth $332,000. Hsbc Holdings PLC acquired a new stake in shares of Diageo during the fourth quarter worth $2,700,000. TD Asset Management Inc lifted its holdings in shares of Diageo by 78.6% during the fourth quarter. TD Asset Management Inc now owns 8,359 shares of the company’s stock worth $1,218,000 after purchasing an additional 3,678 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Diageo by 165.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,411 shares of the company’s stock worth $788,000 after purchasing an additional 3,369 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Diageo Trading Down 0.3 %

Shares of DEO stock opened at $140.36 on Tuesday. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The stock has a market cap of $78.02 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.80 and a beta of 0.69. The business has a fifty day simple moving average of $130.27 and a 200-day simple moving average of $134.80. 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 company also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be given a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio is currently 72.40%.

Diageo Company 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.