Pennsylvania Trust Co raised its stake in shares of Diageo plc (NYSE:DEO) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 80,331 shares of the company’s stock after acquiring an additional 1,865 shares during the quarter. Pennsylvania Trust Co’s holdings in Diageo were worth $11,731,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of DEO. Bangor Savings Bank increased its position in Diageo by 0.9% during the 2nd quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock worth $212,000 after purchasing an additional 16 shares during the period. M&R Capital Management Inc. increased its position in Diageo by 1.8% during the 2nd quarter. M&R Capital Management Inc. now owns 2,112 shares of the company’s stock worth $273,000 after purchasing an additional 37 shares during the period. Advisory Services Network LLC increased its position in Diageo by 1.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock worth $393,000 after purchasing an additional 62 shares during the period. D.A. Davidson & CO. increased its position in Diageo by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 21,962 shares of the company’s stock worth $2,631,000 after purchasing an additional 95 shares during the period. Finally, Frontier Wealth Management LLC increased its position in Diageo by 4.0% during the 2nd quarter. Frontier Wealth Management LLC now owns 2,600 shares of the company’s stock worth $312,000 after purchasing an additional 100 shares during the period. 12.04% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on DEO shares. Evercore ISI started coverage on Diageo in a research report on Thursday, September 28th. They set an “outperform” rating and a $152.00 target price on the stock. Jefferies Group reiterated a “buy” rating and set a $155.40 target price (up previously from $155.20) on shares of Diageo in a research report on Saturday, September 30th. Finally, Zacks Investment Research cut Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $156.00.
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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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