Mercer Global Advisors Inc. ADV Invests $324,000 in Diageo plc (DEO)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Diageo plc (NYSE:DEO) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,284 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centerpoint Advisors LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $26,000. Acima Private Wealth LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $29,000. Claybrook Capital LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $30,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Diageo during the 4th quarter valued at $31,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Diageo during the 1st quarter valued at $36,000. 10.61% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on DEO shares. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Barclays began coverage on Diageo in a research report on Monday, April 1st. They set an “overweight” rating for the company. Investec lowered Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Finally, Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Diageo has an average rating of “Hold” and an average target price of $164.75.

Shares of NYSE:DEO opened at $163.07 on Monday. The firm has a market cap of $99.38 billion, a P/E ratio of 25.68, a P/E/G ratio of 2.85 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.48 and a quick ratio of 0.73. Diageo plc has a 12-month low of $131.43 and a 12-month high of $165.53.

The business also recently announced a semiannual dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 1st were given a dividend of $1.3688 per share. This represents a yield of 1.81%. The ex-dividend date of this dividend was Thursday, February 28th. Diageo’s dividend payout ratio is currently 42.68%.

ILLEGAL ACTIVITY WARNING: This story was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.baseballdailydigest.com/news/2019/04/22/mercer-global-advisors-inc-adv-invests-324000-in-diageo-plc-deo.html.

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.

Read More: Commodities

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.