Diageo plc (DEO) Stake Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its stake in Diageo plc (NYSE:DEO) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,064 shares of the company’s stock after selling 544 shares during the period. Cubist Systematic Strategies LLC’s holdings in Diageo were worth $441,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. NumerixS Investment Technologies Inc acquired a new position in shares of Diageo during the 2nd quarter valued at $115,000. Private Capital Group LLC boosted its stake in shares of Diageo by 273.1% during the 1st quarter. Private Capital Group LLC now owns 1,108 shares of the company’s stock worth $151,000 after acquiring an additional 811 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Diageo by 249.9% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,221 shares of the company’s stock worth $165,000 after acquiring an additional 872 shares in the last quarter. Massey Quick Simon & CO. LLC boosted its stake in shares of Diageo by 1,212.0% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 1,312 shares of the company’s stock worth $188,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Rockland Trust Co. bought a new stake in shares of Diageo during the 2nd quarter worth $200,000. 11.29% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on DEO. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Goldman Sachs Group raised Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Thursday, July 12th. Sanford C. Bernstein lowered Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price objective for the company. in a research note on Friday, June 29th. Argus began coverage on Diageo in a research report on Friday, July 13th. They issued a “buy” rating and a $168.00 target price for the company. Finally, Macquarie raised Diageo from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 21st. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $158.40.

DEO opened at $133.76 on Friday. The firm has a market cap of $88.16 billion, a P/E ratio of 21.06, a PEG ratio of 2.74 and a beta of 0.63. Diageo plc has a 1 year low of $131.22 and a 1 year high of $151.30. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.71.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, August 10th were given a dividend of $2.1297 per share. This is a boost from Diageo’s previous semiannual dividend of $1.42. The ex-dividend date of this dividend was Thursday, August 9th. This represents a yield of 2.87%. Diageo’s dividend payout ratio (DPR) is presently 65.83%.

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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