Andesa Financial Management Inc. Trims Holdings in Diageo plc (NYSE:DEO)

Andesa Financial Management Inc. trimmed its position in Diageo plc (NYSE:DEO) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,428 shares of the company’s stock after selling 97 shares during the quarter. Andesa Financial Management Inc.’s holdings in Diageo were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DEO. GPS Wealth Strategies Group LLC purchased a new stake in Diageo in the 2nd quarter worth approximately $38,000. Providence Capital Advisors LLC grew its holdings in Diageo by 822.2% during the 1st quarter. Providence Capital Advisors LLC now owns 249 shares of the company’s stock valued at $41,000 after buying an additional 222 shares in the last quarter. Sageworth Trust Co purchased a new stake in Diageo during the 1st quarter valued at approximately $41,000. Red Door Wealth Management LLC purchased a new stake in Diageo during the 2nd quarter valued at approximately $41,000. Finally, First PREMIER Bank purchased a new stake in Diageo during the 2nd quarter valued at approximately $42,000. 9.85% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein lowered shares of Diageo from an “outperform” rating to a “market perform” rating in a report on Monday, June 14th. Argus raised shares of Diageo from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a report on Friday, June 4th. Citigroup reissued a “neutral” rating on shares of Diageo in a report on Tuesday, June 22nd. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a report on Thursday, August 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Diageo in a report on Monday, August 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $189.12.

DEO traded down $0.04 during trading on Friday, reaching $191.62. The company had a trading volume of 233 shares, compared to its average volume of 397,808. The stock has a market cap of $122.58 billion, a P/E ratio of 29.31, a PEG ratio of 3.20 and a beta of 0.66. The business has a 50 day simple moving average of $194.74 and a 200-day simple moving average of $185.87. Diageo plc has a 52 week low of $127.12 and a 52 week high of $202.35. The company has a quick ratio of 0.76, a current ratio of 1.60 and a debt-to-equity ratio of 1.57.

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, October 13th. Stockholders of record on Friday, August 27th will be given a dividend of $2.4803 per share. This represents a dividend yield of 1.8%. This is an increase from Diageo’s previous semi-annual dividend of $1.53. The ex-dividend date is Thursday, August 26th. Diageo’s dividend payout ratio (DPR) is 75.54%.

Diageo Company Profile

Diageo Plc engages in the production and distribution of alcoholic beverages. Its brands include Johnnie Walker, Crown Royal, JeB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray, and Guinness. It operates through the following geographical segments: North America; Europe and Turkey; Africa; Latin America and Caribbean; Asia Pacific; ISC; and Corporate and Other.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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