Diageo plc $DEO Holdings Increased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lifted its holdings in Diageo plc (NYSE:DEO) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,919 shares of the company’s stock after acquiring an additional 6,648 shares during the period. Douglas Lane & Associates LLC owned 0.09% of Diageo worth $43,221,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DEO. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Diageo by 2.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,513 shares of the company’s stock valued at $443,000 after purchasing an additional 152 shares during the last quarter. Lafayette Investments Inc. raised its holdings in Diageo by 0.4% during the 1st quarter. Lafayette Investments Inc. now owns 36,681 shares of the company’s stock valued at $2,731,000 after buying an additional 154 shares during the period. Cohen Investment Advisors LLC boosted its stake in Diageo by 4.1% during the first quarter. Cohen Investment Advisors LLC now owns 4,276 shares of the company’s stock worth $318,000 after buying an additional 169 shares during the period. Sandy Cove Advisors LLC increased its position in Diageo by 2.9% during the second quarter. Sandy Cove Advisors LLC now owns 6,189 shares of the company’s stock valued at $497,000 after acquiring an additional 174 shares during the last quarter. Finally, Parrish Capital LLC raised its stake in shares of Diageo by 3.7% in the second quarter. Parrish Capital LLC now owns 6,434 shares of the company’s stock valued at $517,000 after acquiring an additional 227 shares during the period. 8.97% of the stock is owned by institutional investors.

Diageo Stock Down 0.4%

Shares of NYSE DEO traded down $0.34 during mid-day trading on Friday, reaching $86.64. 188,345 shares of the company were exchanged, compared to its average volume of 1,465,314. The company has a current ratio of 1.60, a quick ratio of 0.62 and a debt-to-equity ratio of 1.53. Diageo plc has a 1 year low of $72.45 and a 1 year high of $102.74. The firm has a 50-day moving average of $89.51 and a 200 day moving average of $83.92.

Diageo Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, October 16th will be given a dividend of $1.20 per share. This represents a dividend yield of 252.0%. The ex-dividend date of this dividend is Friday, October 16th.

Analysts Set New Price Targets

DEO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Friday, July 17th. Loop Capital set a $99.00 price objective on shares of Diageo in a research note on Thursday, June 18th. TD Cowen reaffirmed a “buy” rating on shares of Diageo in a research note on Monday, August 10th. UBS Group reiterated a “neutral” rating on shares of Diageo in a report on Thursday, August 27th. Finally, Zacks Research raised Diageo from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Diageo presently has an average rating of “Moderate Buy” and an average target price of $105.33.

About Diageo

Diageo plc is a global beverage alcohol company headquartered in London, England. The company produces, markets and distributes a broad portfolio of spirits, beer and ready-to-drink beverages through a collection of internationally recognized brands.

Its portfolio includes Johnnie Walker, Crown Royal, Buchanan’s and Talisker whiskies; Smirnoff, Cîroc and Ketel One vodkas; Tanqueray and Gordon’s gins; Baileys liqueur; Don Julio and Casamigos tequila; Captain Morgan rum; and Guinness beer.