Allred Capital Management LLC Takes Position in Diageo plc (DEO)

Allred Capital Management LLC purchased a new position in Diageo plc (NYSE:DEO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,767 shares of the company’s stock, valued at approximately $453,000.

Several other institutional investors have also made changes to their positions in DEO. Centerpoint Advisors LLC acquired a new position in Diageo during the fourth quarter valued at approximately $26,000. Acima Private Wealth LLC acquired a new position in Diageo during the fourth quarter valued at approximately $29,000. Claybrook Capital LLC acquired a new position in Diageo during the fourth quarter valued at approximately $30,000. Capital Investment Advisory Services LLC acquired a new position in Diageo during the fourth quarter valued at approximately $31,000. Finally, Executive Wealth Management LLC acquired a new position in Diageo during the fourth quarter valued at approximately $32,000. Institutional investors own 10.61% of the company’s stock.

Shares of Diageo stock traded down $1.24 during trading on Tuesday, reaching $162.40. 172,632 shares of the stock were exchanged, compared to its average volume of 264,146. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The firm has a market cap of $99.46 billion, a P/E ratio of 25.57, a P/E/G ratio of 2.84 and a beta of 0.53. Diageo plc has a 1 year low of $131.43 and a 1 year high of $165.53.

The company also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 1st will be given a dividend of $1.3688 per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, February 28th. Diageo’s dividend payout ratio (DPR) is currently 42.68%.

DEO has been the subject of a number of recent analyst reports. Investec cut Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Barclays initiated coverage on Diageo in a research note on Monday, April 1st. They set an “overweight” rating on the stock. Sanford C. Bernstein lowered Diageo from a “market perform” rating to an “underperform” rating in a research note on Friday, January 4th. Zacks Investment Research lowered Diageo from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Finally, Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $164.75.

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Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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