Stratos Wealth Partners LTD. boosted its stake in Diageo PLC (NYSE:DEO) by 48.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.
Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Diageo PLC by 38.3% in the second quarter. Sei Investments Co. now owns 78,401 shares of the company’s stock valued at $9,398,000 after buying an additional 21,711 shares during the period. Garde Capital Inc. bought a new position in Diageo PLC during the second quarter valued at approximately $318,000. Enterprise Financial Services Corp increased its position in Diageo PLC by 4.0% in the second quarter. Enterprise Financial Services Corp now owns 1,881 shares of the company’s stock worth $225,000 after buying an additional 73 shares during the period. Markel Corp increased its position in Diageo PLC by 1.0% in the second quarter. Markel Corp now owns 1,347,800 shares of the company’s stock worth $161,507,000 after buying an additional 13,000 shares during the period. Finally, Gamble Jones Investment Counsel increased its position in Diageo PLC by 1.4% in the second quarter. Gamble Jones Investment Counsel now owns 17,133 shares of the company’s stock worth $2,053,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 12.06% of the company’s stock.
Shares of Diageo PLC (NYSE DEO) traded down 0.86% during midday trading on Thursday, hitting $132.87. The company had a trading volume of 505,388 shares. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $134.49. The company has a market cap of $83.49 billion, a price-to-earnings ratio of 23.83 and a beta of 0.76. The stock’s 50-day moving average price is $124.96 and its 200-day moving average price is $118.96.
The business also recently disclosed 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 an increase from Diageo PLC’s previous semiannual dividend of $1.19. This represents a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 9th.
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A number of research analysts have commented on the stock. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $120.00 target price on shares of Diageo PLC and gave the company a “buy” rating in a research report on Friday, April 21st. Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Finally, Citigroup Inc. cut shares of Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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