Ativo Capital Management LLC cut its stake in Diageo PLC (NYSE:DEO) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,176 shares of the company’s stock after selling 2 shares during the quarter. Ativo Capital Management LLC’s holdings in Diageo PLC were worth $2,178,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Carret Asset Management LLC lifted its position 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 last quarter. Parkside Financial Bank & Trust lifted its position in shares of Diageo PLC by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares during the last quarter. Investment Centers of America Inc. lifted its position in shares of Diageo PLC by 0.3% during the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock worth $761,000 after purchasing an additional 22 shares during the last quarter. Capital One National Association lifted its position in shares of Diageo PLC by 0.7% during the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock worth $374,000 after purchasing an additional 22 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its position in shares of Diageo PLC by 0.3% during the second quarter. Sterling Investment Advisors Ltd. now owns 9,251 shares of the company’s stock worth $1,109,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 11.70% of the company’s stock.
Shares of Diageo PLC (NYSE DEO) traded down 0.1930% during trading on Tuesday, hitting $135.5978. The stock had a trading volume of 117,085 shares. The stock has a market cap of $85.21 billion, a price-to-earnings ratio of 24.8530 and a beta of 0.75. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $137.59. The company’s 50 day moving average price is $133.03 and its 200 day moving average price is $122.18.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be paid a dividend of $2.0322 per share. This is a positive change 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%.
Several analysts have recently weighed in on DEO shares. BidaskClub downgraded Diageo PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and set a $154.20 target price (up from $142.25) on shares of Diageo PLC in a research report on Friday, September 1st. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Diageo PLC presently has an average rating of “Hold” and an average target price of $146.55.
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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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