YorkBridge Wealth Partners LLC increased its stake in shares of Diageo plc (NYSE:DEO) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,309 shares of the company’s stock after purchasing an additional 87 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Diageo were worth $398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bangor Savings Bank lifted its holdings in Diageo by 7.7% in the first quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock valued at $411,000 after acquiring an additional 179 shares during the period. Hallmark Capital Management Inc. acquired a new stake in Diageo in the first quarter valued at $501,000. PNC Financial Services Group Inc. lifted its holdings in Diageo by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 102,570 shares of the company’s stock valued at $16,780,000 after acquiring an additional 1,598 shares during the period. Regentatlantic Capital LLC lifted its holdings in Diageo by 11.0% in the first quarter. Regentatlantic Capital LLC now owns 2,612 shares of the company’s stock valued at $427,000 after acquiring an additional 258 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Diageo by 9.9% in the first quarter. Parametric Portfolio Associates LLC now owns 916,531 shares of the company’s stock valued at $149,954,000 after acquiring an additional 82,270 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on DEO shares. Barclays reissued a “sell” rating on shares of easyJet in a report on Monday, April 1st. Kepler Capital Markets reissued a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a report on Tuesday, July 9th. Finally, Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Monday, May 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $178.00.

Shares of DEO stock traded down $0.23 during mid-day trading on Tuesday, reaching $167.68. The stock had a trading volume of 17,436 shares, compared to its average volume of 351,909. Diageo plc has a 12-month low of $131.43 and a 12-month high of $176.07. The firm has a market capitalization of $100.60 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.84 and a beta of 0.49. The firm’s 50-day moving average is $171.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 1.48.

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be given a $2.111 dividend. The ex-dividend date is Thursday, August 8th. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio (DPR) is currently 40.15%.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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