11,709 Diageo plc $DEO Shares Bought by Great Hill Capital LLC

Great Hill Capital LLC grew its holdings in Diageo plc (NYSE:DEO) by 8.2% during the 3rd quarter, Holdings Channel reports. The firm owned 153,837 shares of the company’s stock after buying an additional 11,709 shares during the period. Diageo comprises approximately 0.8% of Great Hill Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Great Hill Capital LLC’s holdings in Diageo were worth $13,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of DEO. Mather Group LLC. increased its stake in shares of Diageo by 794.4% during the 3rd quarter. Mather Group LLC. now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 286 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Diageo in the 2nd quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in Diageo during the 1st quarter valued at $34,000. Axiom Investment Management LLC acquired a new stake in Diageo during the 1st quarter valued at $54,000. Finally, Twin Lakes Capital Management LLC increased its position in Diageo by 485.5% during the second quarter. Twin Lakes Capital Management LLC now owns 767 shares of the company’s stock worth $62,000 after buying an additional 636 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Down 0.0%

Diageo stock opened at $93.49 on Wednesday. The stock has a fifty day moving average price of $89.52 and a 200 day moving average price of $84.93. Diageo plc has a 52 week low of $72.45 and a 52 week high of $102.74. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53.

Diageo Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DEO. TD Cowen reissued a “buy” rating on shares of Diageo in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Thursday, October 15th. Zacks Research raised Diageo from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $105.33.

About Diageo

Diageo plc is a global beverage-alcohol company headquartered in London, England. It develops, produces, markets and distributes spirits, beer and ready-to-drink beverages through a portfolio of well-known international and regional brands.

Its brands include Johnnie Walker, Crown Royal and Bulleit whiskies; Smirnoff, Cîroc and Ketel One vodkas; Captain Morgan rum; Don Julio and Casamigos tequila; Tanqueray gin; Baileys liqueur; and Guinness stout. The company sells products through retail, hospitality and e-commerce channels, serving consumers in markets across North America, Europe, Asia-Pacific, Latin America, Africa and other regions.

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