New England Asset Management Inc. continued to hold its stake in Diageo PLC (NYSE:DEO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,750 shares of the company’s stock at the end of the 2nd quarter. Diageo PLC accounts for approximately 0.9% of New England Asset Management Inc.’s holdings, making the stock its 7th biggest position. New England Asset Management Inc.’s holdings in Diageo PLC were worth $27,291,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Causeway Capital Management LLC lifted its holdings in shares of Diageo PLC by 2.9% in the first quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock valued at $10,878,000 after purchasing an additional 2,666 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Diageo PLC by 16.3% in the second quarter. Allen Investment Management LLC now owns 27,810 shares of the company’s stock valued at $3,332,000 after purchasing an additional 3,892 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Diageo PLC by 33.4% in the first quarter. Geode Capital Management LLC now owns 13,616 shares of the company’s stock valued at $1,573,000 after purchasing an additional 3,411 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Diageo PLC by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 25,297 shares of the company’s stock valued at $2,937,000 after purchasing an additional 867 shares in the last quarter. Finally, Glassman Wealth Services lifted its holdings in shares of Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after purchasing an additional 577 shares in the last quarter. Institutional investors own 11.70% of the company’s stock.

A number of analysts have recently commented on DEO shares. BidaskClub lowered Diageo PLC from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $142.36 to $153.00 in a report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $154.20 price target (up from $142.25) on shares of Diageo PLC in a report on Friday, September 1st. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Tuesday, August 22nd. Finally, Berenberg Bank downgraded Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $147.88.

Diageo PLC (NYSE DEO) traded up 0.154% during mid-day trading on Friday, hitting $132.975. The company had a trading volume of 145,183 shares. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59. The firm has a market capitalization of $83.56 billion, a PE ratio of 23.882 and a beta of 0.73. The company’s 50 day moving average price is $133.39 and its 200-day moving average price is $123.83.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be given a dividend of $2.0322 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19.

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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.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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