Diageo plc $DEO Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 73.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 69,859 shares of the company’s stock after purchasing an additional 29,493 shares during the period. First Eagle Investment Management LLC’s holdings in Diageo were worth $7,045,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DEO. Cheviot Value Management LLC acquired a new stake in shares of Diageo during the first quarter worth about $31,000. Truvestments Capital LLC purchased a new stake in Diageo during the 1st quarter valued at approximately $30,000. TruNorth Capital Management LLC purchased a new stake in Diageo during the 1st quarter valued at approximately $30,000. Whipplewood Advisors LLC lifted its position in Diageo by 84.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 357 shares of the company’s stock worth $36,000 after acquiring an additional 163 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of Diageo by 63.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock valued at $45,000 after purchasing an additional 165 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Trading Up 4.0%

Shares of DEO stock opened at $90.71 on Friday. The business’s fifty day moving average price is $97.85 and its 200 day moving average price is $104.39. 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 1-year low of $86.57 and a 1-year high of $132.34.

Diageo Increases Dividend

The business 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 is Friday, October 17th. This represents a dividend yield of 516.0%. This is a boost from Diageo’s previous semi-annual dividend of $1.62.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a 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 cut their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $119.00.

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.