Diageo plc (DEO) Position Lessened by Auxier Asset Management

Auxier Asset Management decreased its position in shares of Diageo plc (NYSE:DEO) by 22.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,024 shares of the company’s stock after selling 4,100 shares during the period. Auxier Asset Management’s holdings in Diageo were worth $2,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DEO. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Diageo during the second quarter valued at approximately $301,365,000. Morgan Stanley lifted its stake in shares of Diageo by 18.9% during the second quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock valued at $531,157,000 after buying an additional 586,255 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Diageo by 12,637.3% during the first quarter. Summit Trail Advisors LLC now owns 334,736 shares of the company’s stock valued at $335,000 after buying an additional 332,108 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in shares of Diageo during the second quarter valued at approximately $43,385,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Diageo by 23.4% during the first quarter. The Manufacturers Life Insurance Company now owns 1,086,463 shares of the company’s stock valued at $147,129,000 after buying an additional 205,820 shares during the period. 11.64% of the stock is currently owned by institutional investors and hedge funds.

Diageo stock opened at $139.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.37. Diageo plc has a 1 year low of $129.99 and a 1 year high of $151.30. The stock has a market capitalization of $86.81 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, August 10th will be given a $2.1297 dividend. This is an increase from Diageo’s previous semiannual dividend of $1.42. This represents a dividend yield of 2.87%. The ex-dividend date is Thursday, August 9th. Diageo’s dividend payout ratio (DPR) is presently 76.81%.

DEO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research note on Monday, May 21st. Macquarie raised shares of Diageo from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 21st. Sanford C. Bernstein downgraded shares of Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price objective on the stock. in a research note on Friday, June 29th. Goldman Sachs Group raised shares of Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Thursday, July 12th. Finally, Argus assumed coverage on shares of Diageo in a research note on Friday, July 13th. They set a “buy” rating and a $168.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $157.33.

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.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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