Integrity Alliance LLC. Makes New $332,000 Investment in Diageo plc $DEO

Key Points

• Integrity Alliance LLC acquired 3,170 shares of Diageo plc, valued at approximately $332,000, marking a new investment in the company.
• Diageo has announced a significant increase in its semi-annual dividend to $2.5192 per share, up from $1.62, with a yield of 370.0%.
• Analysts have recently upgraded Diageo's stock rating from "sell" to "neutral", with a consensus price target of $129.00.

Integrity Alliance LLC. bought a new stake in Diageo plc (NYSE:DEO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,170 shares of the company's stock, valued at approximately $332,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Diageo by 0.3% during the 4th quarter. Royal Bank of Canada now owns 1,540,800 shares of the company's stock worth $195,883,000 after buying an additional 3,876 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Diageo by 3.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,441,300 shares of the company's stock valued at $151,034,000 after acquiring an additional 42,740 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Diageo by 0.7% in the 1st quarter. Confluence Investment Management LLC now owns 1,184,987 shares of the company's stock valued at $124,175,000 after acquiring an additional 8,521 shares during the last quarter. Raymond James Financial Inc. increased its stake in Diageo by 9.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,069,567 shares of the company's stock worth $112,080,000 after purchasing an additional 95,037 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Diageo by 2.2% during the 1st quarter. LPL Financial LLC now owns 434,735 shares of the company's stock worth $45,556,000 after purchasing an additional 9,306 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Stock Down 0.4%

Shares of NYSE DEO traded down $0.44 during trading hours on Tuesday, hitting $100.02. The company had a trading volume of 2,090,412 shares, compared to its average volume of 1,111,404. The stock has a market capitalization of $55.64 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a 1-year low of $96.45 and a 1-year high of $142.73. The firm's 50 day moving average is $107.02 and its 200-day moving average is $107.73.

Diageo Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Stockholders of record on Friday, October 17th will be issued a $2.5192 dividend. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from Diageo's previous semi-annual dividend of $1.62. Diageo's payout ratio is currently 72.55%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, three 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 price target of $129.00.

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.