Lake Street Advisors Group LLC Acquires 1,304 Shares of Diageo plc (NYSE:DEO)

Lake Street Advisors Group LLC raised its holdings in shares of Diageo plc (NYSE:DEO) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,485 shares of the company’s stock after acquiring an additional 1,304 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Diageo were worth $927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. J.W. Cole Advisors Inc. increased its holdings in shares of Diageo by 3.8% in the first quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after purchasing an additional 78 shares during the last quarter. Financial Counselors Inc. increased its holdings in shares of Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after purchasing an additional 83 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Down 0.9 %

Shares of NYSE DEO opened at $133.28 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The firm has a market capitalization of $74.09 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 3.77 and a beta of 0.69. The stock has a 50 day moving average price of $133.93 and a 200 day moving average price of $133.62. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, August 30th were issued a $1.62 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s payout ratio is 71.37%.

Analysts Set New Price Targets

Several brokerages have weighed in on DEO. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diageo presently has an average rating of “Hold”.

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.