Banque Transatlantique SA Makes New $398,000 Investment in Diageo plc $DEO

Key Points

• Banque Transatlantique SA has acquired a new position in Diageo plc, purchasing 4,145 shares valued at approximately $398,000.
• Diageo recently announced a semi-annual dividend increase to $2.5192, representing a substantial yield of 370.0% compared to the previous dividend of $1.62.
• Wall Street analysts have mixed ratings on Diageo, with an average rating of "Hold" and a consensus target price of $129.00.

Banque Transatlantique SA acquired a new stake in Diageo plc (NYSE:DEO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,145 shares of the company's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Diageo by 1,544.5% in the 1st quarter. BNP Paribas Financial Markets now owns 396,676 shares of the company's stock valued at $41,568,000 after buying an additional 372,555 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Diageo in the first quarter valued at approximately $36,050,000. Crestwood Advisors Group LLC purchased a new position in Diageo during the 1st quarter worth $16,944,000. Partners Capital Investment Group LLP acquired a new stake in shares of Diageo in the 1st quarter worth $4,161,000. Finally, GAMMA Investing LLC raised its holdings in Diageo by 4,656.6% during the first quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock worth $16,170,000 after purchasing an additional 151,061 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DEO shares. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Diageo currently has an average rating of "Hold" and a consensus target price of $129.00.

Diageo Price Performance

Shares of DEO stock traded down $0.69 during trading hours on Tuesday, hitting $105.71. The company's stock had a trading volume of 470,075 shares, compared to its average volume of 1,104,648. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64. The business has a fifty day moving average of $107.13 and a 200-day moving average of $107.96. Diageo plc has a twelve month low of $96.45 and a twelve month high of $142.73. The stock has a market cap of $58.81 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 3.90 and a beta of 0.59.

Diageo Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be paid a $2.5192 dividend. This represents a yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from Diageo's previous semi-annual dividend of $1.62. Diageo's dividend payout ratio is presently 46.42%.

Diageo Profile

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.