Infusive Asset Management Inc. Has $2.78 Million Position in Diageo plc $DEO

Infusive Asset Management Inc. grew its stake in shares of Diageo plc (NYSE:DEO) by 55.0% in the fourth quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Diageo by 428.7% during the fourth quarter. Bank of Montreal Can now owns 2,173,047 shares of the company’s stock valued at $187,469,000 after buying an additional 1,762,027 shares during the last quarter. Morgan Stanley raised its position in shares of Diageo by 32.4% during the fourth quarter. Morgan Stanley now owns 1,947,245 shares of the company’s stock valued at $167,989,000 after buying an additional 476,979 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Diageo by 48.5% during the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock valued at $162,410,000 after buying an additional 555,509 shares during the last quarter. Markel Group Inc. raised its position in shares of Diageo by 0.4% during the fourth quarter. Markel Group Inc. now owns 1,371,708 shares of the company’s stock valued at $118,337,000 after buying an additional 5,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Diageo by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,276,576 shares of the company’s stock valued at $121,824,000 after buying an additional 4,227 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Up 0.8%

NYSE DEO opened at $81.78 on Friday. The company’s 50-day simple moving average is $80.77 and its 200 day simple moving average is $85.23. Diageo plc has a twelve month low of $72.45 and a twelve month high of $116.41. 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 Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday, March 31st. HSBC lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Zacks Research raised shares of Diageo from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Finally, Argus raised shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.50.

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.