Quantbot Technologies LP Raises Stock Holdings in Diageo plc (NYSE:DEO)

Quantbot Technologies LP boosted its stake in Diageo plc (NYSE:DEO) by 2,939.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,674 shares of the company’s stock after purchasing an additional 39,336 shares during the quarter. Quantbot Technologies LP’s holdings in Diageo were worth $5,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DEO. Public Employees Retirement Association of Colorado raised its position in shares of Diageo by 4,665.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock valued at $70,312,000 after buying an additional 472,583 shares in the last quarter. Beacon Financial Group bought a new position in shares of Diageo during the 4th quarter valued at about $296,000. Wellington Management Group LLP raised its holdings in shares of Diageo by 56.7% during the 4th quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock valued at $98,681,000 after buying an additional 245,255 shares in the last quarter. QRG Capital Management Inc. lifted its position in Diageo by 16.4% in the 1st quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock worth $1,069,000 after buying an additional 1,011 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Diageo by 461.4% in the first quarter. Cetera Investment Advisers now owns 70,630 shares of the company’s stock worth $10,506,000 after buying an additional 58,048 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of recent research reports. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Diageo Trading Down 0.9 %

Shares of DEO opened at $132.11 on Monday. The firm has a fifty day simple moving average of $128.86 and a two-hundred day simple moving average of $135.86. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Dividend Announcement

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

Diageo Company 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.