JLB & Associates Inc. Has $3.10 Million Holdings in Diageo plc (NYSE:DEO)

JLB & Associates Inc. lessened its holdings in Diageo plc (NYSE:DEO) by 65.8% during the third quarter, HoldingsChannel.com reports. The firm owned 22,103 shares of the company’s stock after selling 42,609 shares during the period. JLB & Associates Inc.’s holdings in Diageo were worth $3,102,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DEO. Scarborough Advisors LLC bought a new stake in Diageo during the 4th quarter worth about $25,000. Triad Wealth Partners LLC bought a new position in Diageo in the second quarter valued at approximately $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of Diageo during the 2nd quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in shares of Diageo during the 1st quarter worth approximately $29,000. Finally, Beacon Capital Management LLC raised its stake 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 purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diageo Price Performance

Shares of DEO opened at $139.22 on Thursday. The firm has a market capitalization of $77.39 billion, a PE ratio of 20.12, a PEG ratio of 3.80 and a beta of 0.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The company’s 50-day moving average is $130.68 and its 200-day moving average is $134.77. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64.

Diageo Dividend Announcement

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