Allied Investment Advisors LLC Purchases New Position in Diageo plc (NYSE:DEO)

Allied Investment Advisors LLC acquired a new stake in Diageo plc (NYSE:DEO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 62,044 shares of the company’s stock, valued at approximately $8,707,000.

Several other institutional investors have also added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new stake in shares of Diageo in the fourth quarter worth approximately $25,000. Triad Wealth Partners LLC bought a new stake in Diageo in the 2nd quarter worth approximately $25,000. 1620 Investment Advisors Inc. purchased a new stake in Diageo during the 2nd quarter valued at $25,000. Concord Wealth Partners purchased a new stake in Diageo during the 1st quarter valued at $29,000. Finally, Beacon Capital Management LLC lifted its holdings in shares of Diageo by 777.3% during the 1st quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

DEO traded down $0.07 during midday trading on Friday, reaching $137.54. The company had a trading volume of 474,584 shares, compared to its average volume of 776,328. Diageo plc has a 1 year low of $119.48 and a 1 year high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The company has a market cap of $76.45 billion, a P/E ratio of 19.88, a P/E/G ratio of 3.80 and a beta of 0.69. The business has a 50-day moving average of $130.93 and a two-hundred day moving average of $134.74.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, August 30th will be issued a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio is 72.40%.

Wall Street Analyst Weigh In

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

About Diageo

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.