Martin Capital Partners LLC Purchases 22,542 Shares of Diageo plc $DEO

Martin Capital Partners LLC boosted its position in Diageo plc (NYSE:DEO) by 225.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,525 shares of the company’s stock after acquiring an additional 22,542 shares during the quarter. Martin Capital Partners LLC’s holdings in Diageo were worth $3,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Diageo in the fourth quarter valued at $25,000. Perkins Coie Trust Co bought a new position in Diageo in the first quarter valued at $27,000. Barrett & Company Inc. bought a new position in Diageo in the first quarter valued at $27,000. Abound Financial LLC bought a new position in Diageo in the first quarter valued at $27,000. Finally, Opal Wealth Advisors LLC bought a new position in Diageo in the first quarter valued at $30,000. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 1.9%

Shares of NYSE:DEO opened at $101.77 on Monday. 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 stock’s 50-day moving average price is $107.07 and its 200-day moving average price is $107.78. The stock has a market capitalization of $56.62 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. Diageo plc has a 12-month low of $96.45 and a 12-month high of $142.73.

Diageo Increases Dividend

The firm 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. 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. This represents a dividend yield of 370.0%. Diageo’s payout ratio is 46.42%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $129.00.

Diageo Company 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.