Salomon & Ludwin LLC Has $44,000 Stock Holdings in Diageo plc (NYSE:DEO)

Salomon & Ludwin LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 23.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 350 shares of the company’s stock after selling 107 shares during the quarter. Salomon & Ludwin LLC’s holdings in Diageo were worth $44,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC lifted its holdings in Diageo by 13.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 5,739 shares of the company’s stock worth $724,000 after buying an additional 670 shares in the last quarter. Fullcircle Wealth LLC acquired a new position in Diageo during the 2nd quarter worth $582,000. Atlantic Union Bankshares Corp lifted its holdings in Diageo by 437.7% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 13,970 shares of the company’s stock worth $1,761,000 after buying an additional 11,372 shares in the last quarter. Grove Bank & Trust lifted its holdings in Diageo by 27.3% during the 2nd quarter. Grove Bank & Trust now owns 5,648 shares of the company’s stock worth $712,000 after buying an additional 1,212 shares in the last quarter. Finally, &PARTNERS lifted its holdings in Diageo by 172.2% during the 2nd quarter. &PARTNERS now owns 4,745 shares of the company’s stock worth $598,000 after buying an additional 3,002 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.8 %

Shares of Diageo stock traded up $1.10 on Monday, hitting $136.13. 514,221 shares of the company’s stock traded hands, compared to its average volume of 770,931. The firm’s 50-day moving average price is $128.30 and its two-hundred day moving average price is $137.79. The stock has a market capitalization of $75.67 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.67. Diageo plc has a one year low of $119.48 and a one year high of $171.07. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65.

Diageo Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DEO shares. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average target price of $2,950.00.

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.