Gradient Investments LLC grew its holdings in Diageo plc (NYSE:DEO) by 5,755.9% during the 3rd quarter, Holdings Channel reports. The fund owned 15,928 shares of the company’s stock after purchasing an additional 15,656 shares during the period. Gradient Investments LLC’s holdings in Diageo were worth $2,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in shares of Diageo in the 2nd quarter valued at $115,000. Centaurus Financial Inc. purchased a new stake in shares of Diageo in the 2nd quarter valued at $123,000. Private Capital Group LLC boosted its holdings in shares of Diageo by 273.1% in the 1st quarter. Private Capital Group LLC now owns 1,108 shares of the company’s stock valued at $151,000 after acquiring an additional 811 shares during the last quarter. Massey Quick Simon & CO. LLC boosted its holdings in shares of Diageo by 1,212.0% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,312 shares of the company’s stock valued at $188,000 after acquiring an additional 1,212 shares during the last quarter. Finally, Rockland Trust Co. purchased a new stake in shares of Diageo in the 2nd quarter valued at $200,000. 11.29% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Macquarie raised shares of Diageo from a “neutral” rating to an “outperform” rating in a report on Thursday, June 21st. Goldman Sachs Group raised shares of Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a report on Thursday, July 12th. Sanford C. Bernstein downgraded shares of Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price target on the stock. in a report on Friday, June 29th. Finally, Argus initiated coverage on shares of Diageo in a report on Friday, July 13th. They set a “buy” rating and a $168.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $158.40.

Shares of NYSE DEO opened at $133.76 on Friday. Diageo plc has a 1 year low of $131.22 and a 1 year high of $151.30. The firm has a market cap of $88.16 billion, a P/E ratio of 21.06, a PEG ratio of 2.74 and a beta of 0.63. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71.

The company also recently declared a semiannual dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, August 10th were issued a dividend of $2.1297 per share. The ex-dividend date was Thursday, August 9th. This is an increase from Diageo’s previous semiannual dividend of $1.42. This represents a yield of 2.87%. Diageo’s dividend payout ratio is 65.83%.

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.

Read More: Trading Strategy Methods and Types

Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.