Lantz Financial LLC Has $1.84 Million Stake in Diageo plc $DEO

Key Points

• Lantz Financial LLC increased its stake in Diageo plc by 20.7% during the second quarter, now holding 18,211 shares worth approximately $1.84 million.
• Diageo's shares received an upgrade from Goldman Sachs, moving from a "sell" to a "neutral" rating, with a consensus target price of $129.00.
• The company announced a semi-annual dividend of $2.5192, an increase from last year's $1.62, with a dividend yield of 370.0% set to be paid on December 4th.

Lantz Financial LLC grew its position in Diageo plc (NYSE:DEO - Free Report) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,211 shares of the company's stock after acquiring an additional 3,129 shares during the period. Lantz Financial LLC's holdings in Diageo were worth $1,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Diageo in the 4th quarter worth approximately $25,000. Perkins Coie Trust Co bought a new position in Diageo in the 1st quarter worth approximately $27,000. Barrett & Company Inc. bought a new position in Diageo in the 1st quarter worth approximately $27,000. Abound Financial LLC bought a new stake in shares of Diageo during the 1st quarter valued at $27,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Diageo during the 1st quarter valued at $30,000. Institutional investors own 8.97% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $129.00.

Diageo Stock Performance

Shares of DEO stock traded up $0.29 on Tuesday, reaching $96.27. The stock had a trading volume of 1,133,307 shares, compared to its average volume of 1,117,744. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm's 50-day moving average is $106.43 and its two-hundred day moving average is $107.26. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 3.47 and a beta of 0.59. Diageo plc has a 12 month low of $95.94 and a 12 month high of $142.73.

Diageo Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a dividend of $2.5192 per share. The ex-dividend date is Friday, October 17th. This represents a dividend yield of 370.0%. This is a positive change from Diageo's previous semi-annual dividend of $1.62. Diageo's dividend payout ratio (DPR) is 46.42%.

Diageo Profile

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.