Checchi Capital Advisers LLC Has $229,000 Stock Position in Diageo plc $DEO

Checchi Capital Advisers LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,272 shares of the company’s stock after selling 107 shares during the period. Checchi Capital Advisers LLC’s holdings in Diageo were worth $229,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Diageo by 16.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 138,252 shares of the company’s stock worth $14,488,000 after buying an additional 19,327 shares in the last quarter. Philip James Wealth Mangement LLC acquired a new position in shares of Diageo during the first quarter worth $1,908,000. Martin Capital Partners LLC increased its holdings in shares of Diageo by 225.8% during the second quarter. Martin Capital Partners LLC now owns 32,525 shares of the company’s stock worth $3,280,000 after buying an additional 22,542 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of Diageo by 2,331.0% during the first quarter. Carnegie Investment Counsel now owns 41,036 shares of the company’s stock worth $4,178,000 after buying an additional 39,348 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of Diageo during the first quarter worth $262,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

Shares of Diageo stock opened at $95.89 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. 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 $53.35 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 3.38 and a beta of 0.58. The company’s fifty day moving average is $104.49 and its 200 day moving average is $106.26.

Diageo Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Saturday, September 27th. Bank of America reduced their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Finally, The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $119.00.

About Diageo

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.