2,332 Shares in Diageo plc (NYSE:DEO) Acquired by First Bank & Trust

First Bank & Trust purchased a new stake in shares of Diageo plc (NYSE:DEO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,332 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benedict Financial Advisors Inc. raised its stake in shares of Diageo by 2.0% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,972 shares of the company’s stock valued at $3,645,000 after buying an additional 498 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Diageo by 5.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 118,366 shares of the company’s stock worth $16,612,000 after purchasing an additional 6,321 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Diageo by 25.2% in the third quarter. PFG Investments LLC now owns 3,150 shares of the company’s stock worth $442,000 after acquiring an additional 634 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Diageo in the 3rd quarter valued at $338,000. Finally, NorthCrest Asset Manangement LLC boosted its stake in Diageo by 2.3% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 60,509 shares of the company’s stock worth $8,492,000 after purchasing an additional 1,344 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DEO shares. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Finally, Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Diageo Price Performance

DEO stock opened at $133.27 on Friday. Diageo plc has a 12-month low of $119.48 and a 12-month high of $161.64. The business’s fifty day moving average price is $134.02 and its 200 day moving average price is $133.48. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $74.13 billion, a PE ratio of 18.98, a P/E/G ratio of 3.84 and a beta of 0.69.

Diageo Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s dividend payout ratio (DPR) is currently 71.51%.

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.