Euro Pacific Asset Management LLC Has $837,000 Stock Holdings in Diageo plc $DEO

Euro Pacific Asset Management LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,286 shares of the company’s stock after purchasing an additional 211 shares during the period. Euro Pacific Asset Management LLC’s holdings in Diageo were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DEO. Brighton Jones LLC bought a new position in Diageo during the fourth quarter worth $202,000. Rhumbline Advisers increased its position in shares of Diageo by 6.7% during the first quarter. Rhumbline Advisers now owns 4,783 shares of the company’s stock worth $501,000 after acquiring an additional 299 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Diageo by 109,700.0% in the first quarter. NBC Securities Inc. now owns 1,098 shares of the company’s stock worth $115,000 after purchasing an additional 1,097 shares during the last quarter. Merit Financial Group LLC raised its position in Diageo by 151.2% in the 1st quarter. Merit Financial Group LLC now owns 5,024 shares of the company’s stock valued at $526,000 after buying an additional 3,024 shares during the last quarter. Finally, Perennial Advisors LLC lifted its stake in Diageo by 4.0% during the 1st quarter. Perennial Advisors LLC now owns 11,663 shares of the company’s stock valued at $1,222,000 after acquiring an additional 444 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Saturday, September 27th. Bank of America cut their price target on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Diageo has a consensus rating of “Hold” and an average target price of $119.00.

Diageo Trading Down 0.2%

Shares of DEO opened at $96.17 on Monday. Diageo plc has a twelve month low of $93.42 and a twelve month high of $139.96. The stock has a market cap of $53.50 billion, a PE ratio of 14.04, a P/E/G ratio of 3.45 and a beta of 0.58. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The business’s 50-day moving average price is $104.86 and its 200-day moving average price is $106.42.

Diageo Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be issued a $2.5192 dividend. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from Diageo’s previous semi-annual dividend of $1.62. This represents a dividend yield of 370.0%. Diageo’s payout ratio is currently 46.42%.

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.