Joel Isaacson & Co. LLC Buys 1,400 Shares of Diageo plc (NYSE:DEO)

Joel Isaacson & Co. LLC raised its stake in shares of Diageo plc (NYSE:DEO) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,627 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Diageo were worth $1,351,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DEO. Bank of Montreal Can increased its holdings in shares of Diageo by 1,034.5% during the 2nd quarter. Bank of Montreal Can now owns 799,652 shares of the company’s stock worth $104,443,000 after purchasing an additional 729,166 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Diageo by 416.0% during the 2nd quarter. Hsbc Holdings PLC now owns 521,920 shares of the company’s stock worth $65,939,000 after purchasing an additional 420,778 shares during the period. Raymond James & Associates increased its holdings in shares of Diageo by 52.3% during the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock worth $119,800,000 after purchasing an additional 293,017 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in Diageo by 12,174.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 246,229 shares of the company’s stock valued at $31,045,000 after acquiring an additional 244,223 shares during the period. Finally, Mediolanum International Funds Ltd bought a new stake in Diageo in the third quarter valued at about $24,995,000. Institutional investors own 8.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DEO. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. 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 cut shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Finally, Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Diageo Price Performance

NYSE:DEO opened at $133.28 on Friday. The firm has a market cap of $74.09 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.77 and a beta of 0.69. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $134.02 and its two-hundred day moving average price is $133.55.

Diageo Dividend Announcement

The business also recently announced 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 was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s payout ratio is 71.37%.

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.