7,875 Shares in Diageo plc $DEO Acquired by Councilmark Asset Management LLC

Councilmark Asset Management LLC purchased a new stake in shares of Diageo plc (NYSE:DEO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,875 shares of the company’s stock, valued at approximately $633,000.

A number of other large investors also recently made changes to their positions in the stock. Pinnacle West Asset Management Inc. bought a new stake in shares of Diageo in the 2nd quarter valued at about $261,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Diageo during the 2nd quarter worth approximately $245,000. Sapient Capital LLC acquired a new stake in Diageo in the 2nd quarter valued at $212,000. Valeo Financial Advisors LLC increased its position in shares of Diageo by 47.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,979 shares of the company’s stock worth $481,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Trust Point Inc. raised its holdings in shares of Diageo by 11.4% in the 2nd quarter. Trust Point Inc. now owns 3,214 shares of the company’s stock valued at $258,000 after purchasing an additional 328 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $94.75 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.62 and a current ratio of 1.60. Diageo plc has a 12 month low of $72.45 and a 12 month high of $113.36. The firm has a fifty day simple moving average of $86.48 and a two-hundred day simple moving average of $84.14.

Diageo Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on DEO. Loop Capital set a $99.00 price objective on shares of Diageo in a research report on Thursday, June 18th. TD Cowen reaffirmed a “buy” rating on shares of Diageo in a report on Monday, August 10th. Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Diageo has an average rating of “Hold” and an average target price of $106.25.

Diageo Company Profile

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.