Nelson Capital Management LLC Sells 167 Shares of Diageo plc (NYSE:DEO)

Nelson Capital Management LLC lowered its stake in Diageo plc (NYSE:DEO) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,198 shares of the company’s stock after selling 167 shares during the period. Nelson Capital Management LLC’s holdings in Diageo were worth $2,042,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new position in Diageo in the 4th quarter valued at $25,000. Triad Wealth Partners LLC acquired a new stake in shares of Diageo in the second quarter valued at about $25,000. 1620 Investment Advisors Inc. bought a new position in shares of Diageo in the second quarter worth about $25,000. Concord Wealth Partners acquired a new stake in Diageo in the 1st quarter valued at approximately $29,000. Finally, Beacon Capital Management LLC grew its stake in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 1.0 %

Shares of NYSE DEO opened at $128.76 on Thursday. The business has a fifty day moving average of $128.72 and a two-hundred day moving average of $136.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64. The stock has a market cap of $71.57 billion, a PE ratio of 18.69, a PEG ratio of 3.77 and a beta of 0.69.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 3.2%. Diageo’s dividend payout ratio (DPR) is presently 72.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DEO. The Goldman Sachs Group downgraded 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 note on Monday, August 12th. Finally, Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Diageo Company 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.