Diageo plc (NYSE:DEO) Stock Position Lowered by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC lessened its position in Diageo plc (NYSE:DEO) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,018 shares of the company’s stock after selling 2,015 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Diageo were worth $5,055,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DEO. J.W. Cole Advisors Inc. lifted its position in Diageo by 3.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after buying an additional 78 shares in the last quarter. Financial Counselors Inc. increased its holdings in Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. PFG Investments LLC raised its position in Diageo by 3.4% during the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after acquiring an additional 85 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.9 %

Diageo stock opened at $133.27 on Friday. The firm has a market cap of $74.13 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 3.84 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. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The firm has a fifty day moving average price of $134.02 and a two-hundred day moving average price of $133.48.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, October 17th. Shareholders of record on Friday, August 30th were given a dividend of $1.62 per share. This represents a yield of 3.2%. The ex-dividend date was Friday, August 30th. Diageo’s dividend payout ratio is 71.51%.

Wall Street Analysts Forecast Growth

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