Tocqueville Asset Management L.P. Boosts Stake in Diageo PLC (DEO)
Tocqueville Asset Management L.P. raised its stake in shares of Diageo PLC (NYSE:DEO) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 395,463 shares of the company’s stock after purchasing an additional 20,495 shares during the quarter. Tocqueville Asset Management L.P. owned 0.06% of Diageo PLC worth $52,253,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Diageo PLC by 5.5% during the 3rd quarter. IFP Advisors Inc now owns 9,861 shares of the company’s stock worth $1,303,000 after purchasing an additional 515 shares during the period. Brightworth increased its holdings in shares of Diageo PLC by 1,343.4% during the 3rd quarter. Brightworth now owns 26,168 shares of the company’s stock worth $3,458,000 after purchasing an additional 24,355 shares during the period. Ironwood Investment Counsel LLC increased its holdings in shares of Diageo PLC by 6.0% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 24,351 shares of the company’s stock worth $3,217,000 after purchasing an additional 1,371 shares during the period. K.J. Harrison & Partners Inc increased its holdings in shares of Diageo PLC by 9.9% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 38,757 shares of the company’s stock worth $5,121,000 after purchasing an additional 3,500 shares during the period. Finally, 1ST Source Bank bought a new position in shares of Diageo PLC during the 3rd quarter worth about $205,000. Institutional investors own 11.68% of the company’s stock.
DEO has been the topic of several research reports. Jefferies Group LLC set a $142.00 price objective on shares of Diageo PLC and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Berenberg Bank downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $142.36 to $153.00 in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $152.35.
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.
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo PLC (NYSE:DEO).
Receive News & Ratings for Diageo PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.