Cobblestone Capital Advisors LLC NY increased its holdings in Diageo plc (NYSE:DEO – Free Report) by 51.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,276 shares of the company’s stock after acquiring an additional 42,156 shares during the period. Diageo comprises approximately 1.0% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 29th biggest holding. Cobblestone Capital Advisors LLC NY’s holdings in Diageo were worth $15,669,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Nicholas Hoffman & Company LLC. boosted its stake in Diageo by 8.3% in the second quarter. Nicholas Hoffman & Company LLC. now owns 2,395 shares of the company’s stock valued at $302,000 after acquiring an additional 183 shares during the last quarter. Meridian Wealth Advisors LLC raised its holdings in shares of Diageo by 3.5% in the 2nd quarter. Meridian Wealth Advisors LLC now owns 23,621 shares of the company’s stock worth $2,978,000 after purchasing an additional 792 shares during the period. Markel Group Inc. lifted its stake in Diageo by 0.5% in the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock valued at $172,315,000 after purchasing an additional 6,300 shares during the last quarter. Strategy Asset Managers LLC grew its holdings in Diageo by 13.3% during the second quarter. Strategy Asset Managers LLC now owns 38,834 shares of the company’s stock valued at $4,896,000 after purchasing an additional 4,554 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Diageo by 26.0% in the second quarter. Foundations Investment Advisors LLC now owns 7,060 shares of the company’s stock worth $890,000 after buying an additional 1,458 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.
Diageo Stock Down 1.7 %
NYSE DEO traded down $2.20 during trading hours on Friday, hitting $126.43. The company had a trading volume of 1,365,981 shares, compared to its average volume of 779,567. The firm has a 50 day simple moving average of $128.63 and a 200 day simple moving average of $136.86. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. 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 disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be paid 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%.
Analyst Upgrades and Downgrades
DEO has been the topic of a number of recent research reports. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2,950.00.
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.