Scout Investments Inc. lessened its position in Diageo plc (NYSE:DEO) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,774 shares of the company’s stock after selling 1,152 shares during the quarter. Scout Investments Inc.’s holdings in Diageo were worth $15,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEO. First Trust Advisors LP lifted its position in shares of Diageo by 7.9% in the first quarter. First Trust Advisors LP now owns 180,382 shares of the company’s stock valued at $29,512,000 after acquiring an additional 13,161 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Diageo in the first quarter valued at approximately $456,000. Northern Trust Corp increased its holdings in shares of Diageo by 11.3% in the first quarter. Northern Trust Corp now owns 844,162 shares of the company’s stock valued at $138,113,000 after purchasing an additional 85,578 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Diageo by 393.1% in the first quarter. Lazard Asset Management LLC now owns 238,339 shares of the company’s stock valued at $38,994,000 after purchasing an additional 190,003 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Diageo by 102.1% in the first quarter. Trexquant Investment LP now owns 8,402 shares of the company’s stock valued at $1,375,000 after purchasing an additional 4,245 shares during the last quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

DEO stock traded up $1.28 during midday trading on Wednesday, hitting $163.97. 145,171 shares of the company’s stock were exchanged, compared to its average volume of 365,690. The business has a 50-day simple moving average of $165.58 and a two-hundred day simple moving average of $167.36. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $106.20 billion, a PE ratio of 24.29, a P/E/G ratio of 2.97 and a beta of 0.45. Diageo plc has a 1-year low of $131.43 and a 1-year high of $176.22.

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th were paid a dividend of $2.111 per share. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Thursday, August 8th. Diageo’s dividend payout ratio (DPR) is 62.52%.

Several equities research analysts recently commented on DEO shares. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $178.00.

Diageo 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, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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