Diageo PLC (DEO) Reaches New 52-Week High at $134.04
Diageo PLC (NYSE:DEO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $134.04 and last traded at $134.11, with a volume of 414,848 shares. The stock had previously closed at $131.36.
A number of brokerages have issued reports on DEO. BidaskClub upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC set a $120.00 price target on Diageo PLC and gave the stock a “buy” rating in a research note on Friday, April 21st. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Societe Generale upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Finally, Citigroup Inc. lowered Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $141.67.
The company has a market capitalization of $84.25 billion, a price-to-earnings ratio of 24.05 and a beta of 0.76. The company’s 50-day moving average is $124.24 and its 200-day moving average is $118.75.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be issued a $2.0322 dividend. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date is Wednesday, August 9th. This represents a yield of 3.12%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEO. YorkBridge Wealth Partners LLC boosted its position in Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock worth $116,000 after buying an additional 738 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Diageo PLC during the first quarter worth $118,000. Glassman Wealth Services boosted its position in Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after buying an additional 577 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Diageo PLC by 404.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the company’s stock worth $125,000 after buying an additional 833 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock worth $136,000 after buying an additional 92 shares during the last quarter. 12.06% of the stock is owned by institutional investors.
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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.
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