Stratos Wealth Partners LTD. boosted its position in shares of Diageo PLC (NYSE:DEO) by 48.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,858 shares of the company’s stock after buying an additional 1,596 shares during the period. Stratos Wealth Partners LTD.’s holdings in Diageo PLC were worth $582,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in DEO. State Street Corp increased its stake in shares of Diageo PLC by 7.8% in the fourth quarter. State Street Corp now owns 68,811 shares of the company’s stock worth $7,151,000 after buying an additional 4,963 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of Diageo PLC by 2.6% in the first quarter. Fulton Bank N.A. now owns 2,262 shares of the company’s stock worth $262,000 after buying an additional 58 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Diageo PLC by 14.3% in the first quarter. Raymond James Trust N.A. now owns 8,160 shares of the company’s stock worth $943,000 after buying an additional 1,024 shares in the last quarter. Union Bankshares Corp increased its stake in shares of Diageo PLC by 1.5% in the first quarter. Union Bankshares Corp now owns 18,259 shares of the company’s stock worth $2,110,000 after buying an additional 272 shares in the last quarter. Finally, Addenda Capital Inc. purchased a new stake in shares of Diageo PLC during the first quarter worth $229,000. Institutional investors and hedge funds own 12.07% of the company’s stock.
Shares of Diageo PLC (NYSE DEO) opened at 132.17 on Monday. The company has a market capitalization of $83.04 billion, a PE ratio of 24.15 and a beta of 0.76. The company’s 50-day moving average price is $121.35 and its 200-day moving average price is $117.22. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $132.24.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be paid a $2.0322 dividend. 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. This represents a yield of 3.12%.
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A number of analysts recently weighed in on DEO shares. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the company a “buy” rating in a research report on Friday, April 21st. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. BidaskClub downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $141.67.
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.
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