River Road Asset Management LLC acquired a new stake in shares of Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,929 shares of the company’s stock, valued at approximately $231,000.

Several other large investors have also recently added to or reduced their stakes in DEO. Bank of America Corp DE increased its stake in Diageo PLC by 6.1% in the first quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock valued at $776,513,000 after buying an additional 385,257 shares in the last quarter. Harris Associates L P increased its stake in Diageo PLC by 0.8% in the first quarter. Harris Associates L P now owns 6,703,040 shares of the company’s stock valued at $774,738,000 after buying an additional 50,114 shares in the last quarter. Wells Fargo & Company MN increased its stake in Diageo PLC by 6.8% in the first quarter. Wells Fargo & Company MN now owns 4,166,694 shares of the company’s stock valued at $481,587,000 after buying an additional 263,838 shares in the last quarter. Wellington Management Group LLP increased its stake in Diageo PLC by 1.8% in the first quarter. Wellington Management Group LLP now owns 3,270,879 shares of the company’s stock valued at $378,048,000 after buying an additional 57,038 shares in the last quarter. Finally, Thomaspartners Inc. increased its stake in Diageo PLC by 9.0% in the first quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after buying an additional 167,976 shares in the last quarter. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Diageo PLC (DEO) opened at 132.60 on Wednesday. The firm has a 50-day moving average price of $126.98 and a 200 day moving average price of $119.85. The stock has a market cap of $83.32 billion, a PE ratio of 24.14 and a beta of 0.76. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $134.49.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $2.0322 per share. This represents a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.

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Several brokerages recently issued reports on DEO. BidaskClub downgraded 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 upped their price target for the stock from $142.36 to $153.00 in a report on Friday, July 28th. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a report on Tuesday, August 22nd. Jefferies Group LLC set a $142.00 price target on Diageo PLC and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. downgraded Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $143.50.

Diageo PLC Company Profile

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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