KPP Advisory Services LLC Decreases Stock Holdings in Diageo plc (NYSE:DEO)

KPP Advisory Services LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,396 shares of the company’s stock after selling 271 shares during the quarter. KPP Advisory Services LLC’s holdings in Diageo were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new position in shares of Diageo during the 4th quarter valued at approximately $25,000. Triad Wealth Partners LLC acquired a new position in shares of Diageo during the 2nd quarter valued at about $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of Diageo during the 2nd quarter valued at about $25,000. Concord Wealth Partners acquired a new position in shares of Diageo during the 1st quarter valued at about $29,000. Finally, Beacon Capital Management LLC raised its holdings in Diageo by 777.3% in 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 during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 0.3 %

NYSE DEO opened at $139.92 on Wednesday. The stock has a market capitalization of $77.78 billion, a P/E ratio of 20.22, a P/E/G ratio of 3.80 and a beta of 0.69. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64. The firm has a 50-day moving average price of $130.49 and a 200 day moving average price of $134.74. 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. Investors of record on Friday, August 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio is currently 72.40%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DEO. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 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. Bank of America upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Citigroup upgraded shares of 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 given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.