Strategic Wealth Partners Ltd. Lowers Stock Holdings in Diageo plc (NYSE:DEO)

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Strategic Wealth Partners Ltd. reduced its stake in shares of Diageo plc (NYSE:DEO) by 26.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577 shares of the company’s stock after selling 205 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Diageo were worth $99,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Westhampton Capital LLC bought a new stake in shares of Diageo in the second quarter worth about $2,519,000. Lincoln National Corp grew its stake in shares of Diageo by 17.5% in the second quarter. Lincoln National Corp now owns 3,917 shares of the company’s stock worth $675,000 after purchasing an additional 582 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Diageo in the second quarter worth about $51,000. Noesis Capital Mangement Corp bought a new stake in shares of Diageo in the second quarter worth about $242,000. Finally, Heritage Wealth Advisors grew its stake in shares of Diageo by 7.9% in the second quarter. Heritage Wealth Advisors now owns 3,402 shares of the company’s stock worth $586,000 after purchasing an additional 250 shares during the last quarter. 10.52% of the stock is currently owned by hedge funds and other institutional investors.

Diageo stock traded down $1.78 during trading hours on Friday, hitting $166.37. 351,779 shares of the stock traded hands, compared to its average volume of 392,395. The firm’s 50-day moving average price is $167.96 and its two-hundred day moving average price is $165.59. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. The company has a market cap of $102.47 billion, a PE ratio of 24.65, a PEG ratio of 2.90 and a beta of 0.47. Diageo plc has a one year low of $131.43 and a one year high of $176.07.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be given a dividend of $2.111 per share. 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 payout ratio is presently 62.52%.

Several analysts recently issued reports on DEO shares. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Zacks Investment Research raised 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $178.00.

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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