Allied Investment Advisors LLC Has $8.07 Million Position in Diageo plc $DEO

Allied Investment Advisors LLC lifted its position in shares of Diageo plc (NYSE:DEO) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,509 shares of the company’s stock after acquiring an additional 6,679 shares during the period. Allied Investment Advisors LLC’s holdings in Diageo were worth $8,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Equity Investment Corp acquired a new stake in shares of Diageo in the 3rd quarter valued at $92,970,000. Orbis Allan Gray Ltd increased its stake in shares of Diageo by 236.6% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company’s stock valued at $116,772,000 after purchasing an additional 813,973 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Diageo by 48.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock worth $162,410,000 after buying an additional 555,509 shares in the last quarter. Cullen Capital Management LLC lifted its holdings in shares of Diageo by 67.5% in the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company’s stock worth $124,943,000 after acquiring an additional 527,814 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Diageo by 2,282.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 438,237 shares of the company’s stock valued at $35,303,000 after purchasing an additional 419,844 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Argus raised shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane upgraded Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.50.

Diageo Stock Performance

NYSE:DEO opened at $86.17 on Tuesday. The company has a 50 day simple moving average of $78.89 and a two-hundred day simple moving average of $86.30. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71. Diageo plc has a fifty-two week low of $72.45 and a fifty-two week high of $116.41.

Diageo Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, April 17th will be issued a dividend of $0.80 per share. This represents a yield of 195.0%. The ex-dividend date is Friday, April 17th.

Diageo Company Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.