Diageo plc $DEO Stake Boosted by Infusive Asset Management Inc.

Infusive Asset Management Inc. increased its holdings in Diageo plc (NYSE:DEO) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,260 shares of the company’s stock after purchasing an additional 11,441 shares during the period. Infusive Asset Management Inc.’s holdings in Diageo were worth $2,783,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DEO. Spire Wealth Management boosted its holdings in Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock worth $28,000 after purchasing an additional 178 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Diageo by 8,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Diageo in the fourth quarter worth $30,000. Texas Capital Bancshares Inc TX bought a new stake in Diageo in the third quarter worth $32,000. Finally, GGM Financials LLC bought a new stake in Diageo in the third quarter worth $36,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DEO shares. 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 shares of Diageo from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a report on Monday, April 20th. Argus raised shares of Diageo to a “hold” rating in a research report on Tuesday, March 10th. Finally, HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and an average target price of $116.50.

Diageo Trading Up 0.8%

Diageo stock opened at $81.78 on Friday. 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. The firm has a fifty day moving average price of $80.77 and a two-hundred day moving average price of $85.23.

Diageo Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, April 17th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a yield of 195.0%.

About Diageo

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.