McGinn Penninger Investment Management Inc. Acquires 135 Shares of Diageo plc (NYSE:DEO)

McGinn Penninger Investment Management Inc. boosted its stake in Diageo plc (NYSE:DEO) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,627 shares of the company’s stock after acquiring an additional 135 shares during the period. Diageo accounts for approximately 2.7% of McGinn Penninger Investment Management Inc.’s holdings, making the stock its 22nd biggest holding. McGinn Penninger Investment Management Inc.’s holdings in Diageo were worth $3,988,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DEO. Scarborough Advisors LLC purchased a new stake in shares of Diageo in the 4th quarter worth about $25,000. Beacon Capital Management LLC grew its holdings in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Diageo in the 2nd quarter worth approximately $25,000. Concord Wealth Partners purchased a new position in shares of Diageo in the 1st quarter valued at approximately $29,000. Finally, Triad Wealth Partners LLC purchased a new stake in Diageo in the second quarter worth $25,000. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO opened at $140.36 on Tuesday. The company’s 50-day simple moving average is $130.27 and its two-hundred day simple moving average is $134.80. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64. The stock has a market capitalization 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 company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be given a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is presently 72.40%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DEO shares. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Finally, Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.