Allspring Global Investments Holdings LLC Purchases 330 Shares of Diageo plc (NYSE:DEO)

Allspring Global Investments Holdings LLC raised its position in Diageo plc (NYSE:DEO) by 24.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the company’s stock after buying an additional 330 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Diageo were worth $212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in shares of Diageo in the 4th quarter worth approximately $25,000. Triad Wealth Partners LLC acquired a new position in Diageo in the second quarter worth $25,000. 1620 Investment Advisors Inc. bought a new stake in shares of Diageo during the second quarter worth $25,000. Concord Wealth Partners acquired a new stake in shares of Diageo in the first quarter valued at $29,000. Finally, Beacon Capital Management LLC raised its holdings in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Stock Down 1.7 %

DEO opened at $126.43 on Friday. The firm has a 50 day simple moving average of $128.63 and a 200 day simple moving average of $136.76. Diageo plc has a fifty-two week low of $119.48 and a fifty-two week high of $161.64. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55.

Diageo Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, August 30th will be given a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Friday, August 30th.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DEO shares. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2,950.00.

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.