Moors & Cabot Inc. Acquires 344 Shares of Diageo plc (NYSE:DEO)

Moors & Cabot Inc. raised its holdings in Diageo plc (NYSE:DEO) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,930 shares of the company’s stock after buying an additional 344 shares during the period. Moors & Cabot Inc.’s holdings in Diageo were worth $1,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fragasso Group Inc. lifted its holdings in Diageo by 2.5% during the 1st quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after purchasing an additional 73 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Diageo by 4.4% during the 4th quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock worth $255,000 after buying an additional 74 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Diageo by 3.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after buying an additional 78 shares during the period. Financial Counselors Inc. grew its stake in Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after buying an additional 83 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Diageo by 3.4% in the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares during the period. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

DEO has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Diageo Stock Performance

Shares of NYSE:DEO opened at $133.40 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business’s 50 day simple moving average is $129.09 and its 200 day simple moving average is $135.61. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64.

Diageo Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be paid a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th.

About Diageo

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.