Independent Advisor Alliance boosted its stake in Diageo plc (NYSE:DEO – Get Rating) by 47.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,234 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. Independent Advisor Alliance’s holdings in Diageo were worth $657,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. AKO Capital LLP grew its holdings in Diageo by 21.4% in the fourth quarter. AKO Capital LLP now owns 1,738,289 shares of the company’s stock worth $382,667,000 after purchasing an additional 306,394 shares during the period. London Co. of Virginia grew its holdings in shares of Diageo by 0.7% during the fourth quarter. London Co. of Virginia now owns 1,670,284 shares of the company’s stock valued at $367,696,000 after buying an additional 11,445 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Diageo by 8.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 606,844 shares of the company’s stock valued at $133,590,000 after buying an additional 47,952 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Diageo by 0.4% during the first quarter. DAVENPORT & Co LLC now owns 454,594 shares of the company’s stock valued at $92,508,000 after buying an additional 1,669 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Diageo by 3.4% during the fourth quarter. Raymond James & Associates now owns 434,291 shares of the company’s stock valued at $95,605,000 after buying an additional 14,107 shares during the last quarter. 9.23% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DEO. UBS Group lifted their price objective on shares of Diageo from GBX 4,300 ($52.69) to GBX 4,500 ($55.14) in a report on Tuesday. StockNews.com upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Berenberg Bank lifted their price objective on shares of Diageo from GBX 3,900 ($47.79) to GBX 4,160 ($50.97) in a report on Tuesday. Societe Generale lifted their price objective on shares of Diageo from GBX 4,250 ($52.08) to GBX 4,500 ($55.14) in a report on Tuesday, April 19th. Finally, Barclays lifted their price objective on shares of Diageo from GBX 5,040 ($61.76) to GBX 5,430 ($66.54) in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4,192.50.
Diageo Stock Performance
Diageo Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, August 26th will be given a $2.2775 dividend. This is a positive change from Diageo’s previous semi-annual dividend of $1.57. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 2%.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, cachaca, and brandy, as well as beer, including cider and non-alcoholic products.
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