Atlas Capital Advisors LLC Makes New Investment in Diageo plc (NYSE:DEO)

Atlas Capital Advisors LLC acquired a new stake in shares of Diageo plc (NYSE:DEO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,230 shares of the company’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Scarborough Advisors LLC acquired a new position in Diageo during the fourth quarter worth $25,000. Beacon Capital Management LLC grew its stake in shares of Diageo by 777.3% in the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo during the 2nd quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the 1st quarter valued at approximately $29,000. Finally, Triad Wealth Partners LLC acquired a new position in Diageo in the second quarter valued at approximately $25,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Citigroup raised Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2,950.00.

Diageo Trading Down 2.1 %

NYSE:DEO opened at $130.78 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a 52-week low of $119.48 and a 52-week high of $171.07. The stock’s 50 day moving average price is $128.59 and its 200 day moving average price is $137.56. The company has a market capitalization of $72.70 billion, a PE ratio of 18.63, a P/E/G ratio of 3.55 and a beta of 0.67.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be given a $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio (DPR) is 71.37%.

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.