PFG Investments LLC Buys 83 Shares of Diageo plc (NYSE:DEO)

PFG Investments LLC raised its stake in Diageo plc (NYSE:DEO) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,516 shares of the company’s stock after buying an additional 83 shares during the quarter. PFG Investments LLC’s holdings in Diageo were worth $317,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DEO. Scarborough Advisors LLC bought a new position in shares of Diageo during the 4th quarter worth approximately $25,000. Triad Wealth Partners LLC purchased a new stake in shares of Diageo during the 2nd quarter valued at $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the 2nd quarter worth $25,000. Concord Wealth Partners purchased a new position in Diageo during the 1st quarter worth $29,000. Finally, Beacon Capital Management LLC increased its position in Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DEO shares. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. 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, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Diageo Stock Up 3.6 %

DEO stock opened at $133.39 on Friday. The company has a market capitalization of $74.15 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 3.77 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 firm’s fifty day simple moving average is $128.82 and its 200-day simple moving average is $136.25. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Announces Dividend

The firm also recently declared 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. This represents a yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s payout ratio is 72.71%.

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.