Tidal Investments LLC Boosts Stock Position in Diageo plc $DEO

Tidal Investments LLC raised its position in shares of Diageo plc (NYSE:DEO) by 53.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,743 shares of the company’s stock after purchasing an additional 38,104 shares during the quarter. Tidal Investments LLC’s holdings in Diageo were worth $8,821,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DEO. Glenview Trust Co increased its stake in Diageo by 3.7% in the 4th quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after buying an additional 104 shares in the last quarter. Mission Wealth Management LP boosted its holdings in shares of Diageo by 4.0% during the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock valued at $258,000 after purchasing an additional 114 shares during the last quarter. Intrust Bank NA grew its holdings in Diageo by 4.4% during the 4th quarter. Intrust Bank NA now owns 3,270 shares of the company’s stock valued at $282,000 after buying an additional 138 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of Diageo by 5.3% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 2,792 shares of the company’s stock valued at $241,000 after purchasing an additional 141 shares in the last quarter. Finally, Lafayette Investments Inc. increased its holdings in shares of Diageo by 0.4% in the 1st quarter. Lafayette Investments Inc. now owns 36,681 shares of the company’s stock worth $2,731,000 after buying an additional 154 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Up 0.4%

Shares of NYSE:DEO opened at $86.67 on Friday. The business’s 50-day moving average is $88.67 and its 200 day moving average is $83.47. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a 1 year low of $72.45 and a 1 year high of $103.24.

Diageo Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be given a dividend of $1.20 per share. This represents a yield of 252.0%. The ex-dividend date of this dividend is Friday, October 16th.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Diageo in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research report on Friday, July 17th. TD Cowen reaffirmed a “buy” rating on shares of Diageo in a research report on Monday, August 10th. Loop Capital set a $99.00 price target on Diageo in a research note on Thursday, June 18th. Finally, Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.25.

Diageo Profile

Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.