Havemeyer Place LP Invests $844,000 in Diageo plc $DEO

Havemeyer Place LP purchased a new position in shares of Diageo plc (NYSE:DEO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,789 shares of the company’s stock, valued at approximately $844,000.

Several other large investors also recently modified their holdings of the stock. Integrated Advisors Network LLC increased its stake in shares of Diageo by 3.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,110 shares of the company’s stock worth $297,000 after purchasing an additional 104 shares during the last quarter. Glenview Trust Co increased its stake in shares of Diageo by 3.7% during the 4th quarter. Glenview Trust Co now owns 2,928 shares of the company’s stock worth $253,000 after purchasing an additional 104 shares during the last quarter. Mission Wealth Management LP increased its stake in shares of Diageo by 4.0% during the 4th quarter. Mission Wealth Management LP now owns 2,992 shares of the company’s stock worth $258,000 after purchasing an additional 114 shares during the last quarter. Wynn Capital LLC increased its stake in shares of Diageo by 2.5% during the 4th quarter. Wynn Capital LLC now owns 4,994 shares of the company’s stock worth $431,000 after purchasing an additional 122 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its stake in shares of Diageo by 4.9% during the 3rd quarter. Bridgewater Advisors Inc. now owns 2,702 shares of the company’s stock worth $236,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE:DEO opened at $80.32 on Tuesday. The firm has a fifty day moving average price of $80.24 and a two-hundred day moving average price of $85.45. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a one year low of $72.45 and a one year high of $116.41.

Diageo Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, April 17th were issued a $0.80 dividend. This represents a yield of 195.0%. The ex-dividend date of this dividend was Friday, April 17th.

Analyst Ratings Changes

DEO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.50.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.