SOL Capital Management CO cut its stake in shares of Diageo PLC (NYSE:DEO) by 9.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,900 shares of the company’s stock after selling 200 shares during the period. SOL Capital Management CO’s holdings in Diageo PLC were worth $228,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Causeway Capital Management LLC boosted its position in Diageo PLC by 2.9% in the first quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock valued at $10,878,000 after buying an additional 2,666 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Diageo PLC during the first quarter valued at about $202,000. Greenleaf Trust purchased a new position in Diageo PLC during the first quarter valued at about $274,000. 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 valued at $124,000 after buying an additional 577 shares in the last quarter. Finally, Markel Corp boosted its position in Diageo PLC by 0.9% in the first quarter. Markel Corp now owns 1,334,800 shares of the company’s stock valued at $154,276,000 after buying an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 12.10% of the company’s stock.
Diageo PLC (NYSE:DEO) traded up 1.75% during trading on Friday, reaching $132.17. The company’s stock had a trading volume of 698,079 shares. The firm has a 50 day moving average price of $121.35 and a 200-day moving average price of $117.22. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $132.24. The stock has a market cap of $83.04 billion, a price-to-earnings ratio of 24.15 and a beta of 0.76.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be given a $2.0322 dividend. This represents a dividend yield of 3.12%. The ex-dividend date is Wednesday, August 9th. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.
Several equities analysts recently issued reports on DEO shares. Jefferies Group LLC set a $120.00 price target on Diageo PLC and gave the company a “buy” rating in a report on Friday, April 21st. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and raised their price target for the company from $142.36 to $153.00 in a report on Friday, July 28th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Societe Generale upgraded Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Finally, BidaskClub upgraded Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $141.67.
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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