Jones Financial Companies Lllp increased its stake in Diageo plc (NYSE:DEO) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,636 shares of the company’s stock after purchasing an additional 939 shares during the period. Jones Financial Companies Lllp’s holdings in Diageo were worth $5,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Diageo during the first quarter worth $135,000. MRJ Capital Inc. lifted its position in shares of Diageo by 5.0% during the first quarter. MRJ Capital Inc. now owns 29,400 shares of the company’s stock worth $3,981,000 after purchasing an additional 1,400 shares during the last quarter. OLD Dominion Capital Management Inc. bought a new stake in shares of Diageo during the first quarter worth $358,000. D.B. Root & Company LLC lifted its position in shares of Diageo by 16.8% during the first quarter. D.B. Root & Company LLC now owns 6,519 shares of the company’s stock worth $883,000 after purchasing an additional 937 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Diageo during the first quarter worth $880,000. 11.71% of the stock is owned by hedge funds and other institutional investors.

DEO stock opened at $141.29 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $88.74 billion, a P/E ratio of 25.60, a PEG ratio of 2.76 and a beta of 0.66. Diageo plc has a 1-year low of $129.99 and a 1-year high of $151.30.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, August 10th will be issued a $2.1297 dividend. This is an increase from Diageo’s previous semiannual dividend of $1.42. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, August 9th. Diageo’s payout ratio is presently 76.81%.

Several analysts have recently weighed in on the company. Argus assumed coverage on Diageo in a research report on Friday, July 13th. They set a “buy” rating and a $168.00 target price for the company. Sanford C. Bernstein downgraded Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 target price for the company. in a research report on Friday, June 29th. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a report on Monday, June 25th. Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Friday, May 4th. Finally, Goldman Sachs Group upgraded Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Thursday, July 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $157.33.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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