Advisor Partners LLC Buys New Stake in Diageo PLC (NYSE:DEO)
Advisor Partners LLC bought a new position in Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,524 shares of the company’s stock, valued at approximately $302,000.
Other large investors have also added to or reduced their stakes in the company. Carret Asset Management LLC raised its stake in Diageo PLC by 0.5% in the first quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock worth $354,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust raised its stake in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after buying an additional 20 shares during the period. Investment Centers of America Inc. raised its stake in Diageo PLC by 0.3% in the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock worth $761,000 after buying an additional 22 shares during the period. Capital One National Association raised its stake in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock worth $374,000 after buying an additional 22 shares during the period. Finally, Lourd Capital LLC raised its stake in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock worth $916,000 after buying an additional 30 shares during the period. Institutional investors own 12.07% of the company’s stock.
Shares of Diageo PLC (DEO) opened at 129.08 on Friday. The stock has a 50 day moving average of $123.32 and a 200-day moving average of $118.20. Diageo PLC has a one year low of $99.46 and a one year high of $133.17. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 23.15 and a beta of 0.76.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be paid a $2.0322 dividend. The ex-dividend date is Wednesday, August 9th. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. This represents a dividend yield of 3.12%.
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A number of equities research analysts have issued reports on the stock. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the stock a “buy” rating in a report on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. Finally, Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Diageo PLC presently has an average rating of “Hold” and a consensus price target of $141.67.
About Diageo PLC
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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