Prime Capital Investment Advisors LLC Reduces Stock Position in Diageo plc (NYSE:DEO)

Prime Capital Investment Advisors LLC decreased its position in shares of Diageo plc (NYSE:DEO) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,475 shares of the company’s stock after selling 1,358 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Diageo were worth $2,708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DEO. Fragasso Group Inc. grew its holdings in Diageo by 2.5% in the first quarter. Fragasso Group Inc. now owns 2,947 shares of the company’s stock valued at $438,000 after purchasing an additional 73 shares during the last quarter. Avestar Capital LLC increased its holdings in Diageo by 4.4% during the 4th quarter. Avestar Capital LLC now owns 1,754 shares of the company’s stock valued at $255,000 after acquiring an additional 74 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in Diageo by 3.8% during the first quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock worth $321,000 after acquiring an additional 78 shares during the last quarter. Financial Counselors Inc. raised its position in Diageo by 3.3% during the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after acquiring an additional 83 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DEO. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Diageo Trading Up 0.6 %

Shares of NYSE:DEO opened at $132.93 on Tuesday. The business has a fifty day simple moving average of $128.96 and a 200-day simple moving average of $135.73. Diageo plc has a 52 week low of $119.48 and a 52 week high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

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

Diageo Profile

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.