Tidal Investments LLC Buys 38,104 Shares of Diageo plc $DEO

Tidal Investments LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 53.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,743 shares of the company’s stock after buying an additional 38,104 shares during the quarter. Tidal Investments LLC’s holdings in Diageo were worth $8,821,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in shares of Diageo in the 2nd quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Diageo in the 1st quarter valued at about $34,000. Axiom Investment Management LLC purchased a new stake in Diageo during the 1st quarter valued at about $54,000. Basepoint Wealth LLC purchased a new stake in Diageo during the 4th quarter valued at about $55,000. Finally, MCF Advisors LLC grew its position in Diageo by 2,776.0% during the 4th quarter. MCF Advisors LLC now owns 719 shares of the company’s stock worth $62,000 after acquiring an additional 694 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Stock Up 0.4%

Diageo stock opened at $86.67 on Friday. The business’s fifty day moving average is $88.67 and its 200 day moving average is $83.47. Diageo plc has a one year low of $72.45 and a one year high of $103.24. The company has a quick ratio of 0.62, a current ratio of 1.60 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, October 16th. This represents a yield of 252.0%.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Thursday, August 27th. TD Cowen reissued a “buy” rating on shares of Diageo in a research note on Monday, August 10th. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Loop Capital set a $99.00 price objective on Diageo in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.25.

Diageo Profile

Diageo plc (NYSE: DEO) is a global beverage alcohol company headquartered in London, England. It produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages, serving consumers in more than 180 countries.

Its portfolio includes brands such as Johnnie Walker, Crown Royal, Smirnoff, Cîroc, Captain Morgan, Baileys, Tanqueray, Don Julio, Casamigos, Guinness and Bulleit. The company’s business activities span distilling, brewing, brand development, marketing, sales and distribution across multiple alcohol categories and geographic markets.

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness.