2,776 Shares in Diageo plc (NYSE:DEO) Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC bought a new position in shares of Diageo plc (NYSE:DEO) during the 2nd quarter, HoldingsChannel reports. The firm bought 2,776 shares of the company’s stock, valued at approximately $350,000.

A number of other institutional investors have also added to or reduced their stakes in DEO. Fragasso Group Inc. lifted its stake in shares of Diageo by 2.5% during the 1st quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock worth $438,000 after purchasing an additional 73 shares during the last quarter. Avestar Capital LLC lifted its position in shares of Diageo by 4.4% during the fourth quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $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% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after buying an additional 78 shares in the last quarter. Financial Counselors Inc. grew its position in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Diageo by 13.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 702 shares of the company’s stock worth $102,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 0.9 %

NYSE DEO opened at $129.53 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 stock’s fifty day moving average price is $128.57 and its 200 day moving average price is $137.11. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

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

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.