Schaper Benz & Wise Investment Counsel Inc. WI Has $6.36 Million Holdings in Diageo plc (NYSE:DEO)

by · The Cerbat Gem

Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Diageo plc (NYSE:DEO – Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,292 shares of the company’s stock after acquiring an additional 1,761 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Diageo were worth $6,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its stake in Diageo by 3.8% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after purchasing an additional 78 shares during the last quarter. Financial Counselors Inc. lifted its stake in shares of Diageo by 3.3% in the 2nd quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Diageo by 3.4% during the 2nd quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares in the last quarter. Global Retirement Partners LLC grew its position in Diageo by 1.1% during the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after acquiring an additional 85 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in Diageo by 2.8% in the 2nd quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Diageo stock opened at $139.41 on Friday. The stock’s 50 day moving average is $133.30 and its 200 day moving average is $133.83. Diageo plc has a one year low of $119.48 and a one year high of $161.64. The firm has a market cap of $77.49 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.77 and a beta of 0.69. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, August 30th were given a $1.62 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s dividend payout ratio (DPR) is currently 71.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DEO. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a research note on Thursday, September 12th. The Goldman Sachs Group downgraded shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Finally, Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Check Out Our Latest Research Report on DEO

About Diageo

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.

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