Prospera Financial Services Inc cut its holdings in shares of Diageo plc (NYSE:DEO) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the company’s stock after selling 126 shares during the quarter. Prospera Financial Services Inc’s holdings in Diageo were worth $311,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DEO. TRUE Private Wealth Advisors bought a new stake in shares of Diageo during the second quarter valued at approximately $29,000. Meridian Wealth Management LLC bought a new stake in shares of Diageo during the second quarter valued at approximately $33,000. TCG Advisors LP bought a new stake in shares of Diageo during the first quarter valued at approximately $41,000. Manchester Financial Inc. bought a new stake in shares of Diageo during the second quarter valued at approximately $45,000. Finally, Advisors Preferred LLC bought a new stake in shares of Diageo during the second quarter valued at approximately $51,000. Institutional investors own 10.13% of the company’s stock.
A number of analysts have recently issued reports on the company. Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective on the stock in a research report on Monday, May 27th. Finally, Sanford C. Bernstein upgraded Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $178.00.
The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be given a $2.111 dividend. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s dividend payout ratio is 62.52%.
Diageo Company 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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