Diageo plc $DEO Stock Position Increased by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC boosted its position in Diageo plc (NYSE:DEO) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,422 shares of the company’s stock after purchasing an additional 1,215 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Diageo were worth $6,496,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Diageo by 66.4% in the 2nd quarter. Assetmark Inc. now owns 117,812 shares of the company’s stock valued at $11,880,000 after purchasing an additional 46,992 shares during the last quarter. World Investment Advisors lifted its position in Diageo by 4.4% in the 2nd quarter. World Investment Advisors now owns 47,226 shares of the company’s stock valued at $4,762,000 after purchasing an additional 2,012 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in Diageo by 2.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 9,547 shares of the company’s stock valued at $963,000 after purchasing an additional 233 shares during the last quarter. Pavion Blue Capital LLC lifted its position in Diageo by 0.4% in the 2nd quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock valued at $2,659,000 after purchasing an additional 112 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its position in Diageo by 39.4% in the 2nd quarter. Logan Capital Management Inc. now owns 32,853 shares of the company’s stock valued at $3,313,000 after purchasing an additional 9,290 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DEO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Finally, Bank of America lowered their target price 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. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Diageo has a consensus rating of “Hold” and a consensus price target of $119.00.

Diageo Trading Down 2.5%

Shares of DEO opened at $91.66 on Thursday. The firm’s 50 day moving average is $100.83 and its 200-day moving average is $105.21. 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 12-month low of $91.42 and a 12-month high of $132.34.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be paid a $2.5192 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a dividend yield of 516.0%. This is an increase from Diageo’s previous semi-annual dividend of $1.62.

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.