U.S. Capital Wealth Advisors LLC Buys 11,017 Shares of Diageo plc $DEO

U.S. Capital Wealth Advisors LLC boosted its stake in shares of Diageo plc (NYSE:DEO) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,870 shares of the company’s stock after purchasing an additional 11,017 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Diageo were worth $10,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC boosted its holdings in shares of Diageo by 3.6% during the 2nd quarter. Park Avenue Securities LLC now owns 11,025 shares of the company’s stock worth $1,112,000 after buying an additional 380 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its stake in Diageo by 5.1% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 6,774 shares of the company’s stock valued at $683,000 after purchasing an additional 327 shares during the period. Lantz Financial LLC boosted its stake in Diageo by 20.7% in the 2nd quarter. Lantz Financial LLC now owns 18,211 shares of the company’s stock valued at $1,836,000 after purchasing an additional 3,129 shares during the period. Phillips Wealth Planners LLC bought a new stake in shares of Diageo in the second quarter valued at about $251,000. Finally, Grove Bank & Trust boosted its position in shares of Diageo by 2.2% in the second quarter. Grove Bank & Trust now owns 7,726 shares of the company’s stock valued at $779,000 after acquiring an additional 166 shares during the period. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

Diageo Price Performance

Diageo stock opened at $97.75 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $54.38 billion, a PE ratio of 14.27, a P/E/G ratio of 3.47 and a beta of 0.59. Diageo plc has a 12 month low of $96.45 and a 12 month high of $142.73. The stock has a 50-day moving average price of $106.55 and a two-hundred day moving average price of $107.37.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be issued a $2.5192 dividend. This is a boost from Diageo’s previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. This represents a yield of 370.0%. Diageo’s dividend payout ratio (DPR) is 46.42%.

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.