Blue Zone Wealth Advisors LLC Acquires 143 Shares of Diageo plc (NYSE:DEO)

Blue Zone Wealth Advisors LLC boosted its holdings in shares of Diageo plc (NYSE:DEO) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,711 shares of the company’s stock after acquiring an additional 143 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Diageo were worth $4,124,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado raised its stake in Diageo by 4,665.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after buying an additional 472,583 shares in the last quarter. Private Advisor Group LLC grew its stake in Diageo by 3.3% in the fourth quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock valued at $2,129,000 after purchasing an additional 470 shares during the last quarter. Beacon Financial Group bought a new position in Diageo in the fourth quarter worth about $296,000. Wellington Management Group LLP raised its stake in shares of Diageo by 56.7% during the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after acquiring an additional 245,255 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Diageo by 16.4% during the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after purchasing an additional 1,011 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

DEO has been the topic of a number of recent research reports. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Citigroup raised shares of 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, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2,950.00.

Diageo Price Performance

Shares of NYSE DEO traded up $1.71 during mid-day trading on Friday, reaching $124.55. The company’s stock had a trading volume of 903,115 shares, compared to its average volume of 757,748. The stock has a market capitalization of $69.23 billion, a P/E ratio of 17.74, a P/E/G ratio of 3.55 and a beta of 0.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a 1-year low of $119.48 and a 1-year high of $175.06. The stock has a 50-day moving average of $129.28 and a two-hundred day moving average of $138.97.

Diageo Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio (DPR) is presently 71.37%.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.