Penobscot Investment Management Company Inc. bought a new position in Diageo PLC (NYSE:DEO) during the second quarter, Holdings Channel reports. The institutional investor bought 1,875 shares of the company’s stock, valued at approximately $225,000.
Several other hedge funds have also added to or reduced their stakes in DEO. Sit Investment Associates Inc. increased its stake in Diageo PLC by 13.3% in the first quarter. Sit Investment Associates Inc. now owns 38,945 shares of the company’s stock worth $4,501,000 after buying an additional 4,560 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Diageo PLC by 6.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,990 shares of the company’s stock worth $346,000 after buying an additional 191 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Diageo PLC by 1.0% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 4,885 shares of the company’s stock worth $565,000 after buying an additional 50 shares in the last quarter. IFC Holdings Incorporated FL increased its stake in Diageo PLC by 10.0% in the first quarter. IFC Holdings Incorporated FL now owns 5,563 shares of the company’s stock worth $647,000 after buying an additional 508 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in Diageo PLC by 6.7% in the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 10,748 shares of the company’s stock worth $1,242,000 after buying an additional 675 shares in the last quarter. 12.06% of the stock is currently owned by hedge funds and other institutional investors.
Diageo PLC (DEO) opened at 132.05 on Friday. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $134.49. The company has a market cap of $82.98 billion, a PE ratio of 23.68 and a beta of 0.76. The company has a 50-day moving average of $125.30 and a 200-day moving average of $119.11.
The business also recently announced 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. This represents a yield of 3.12%. 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.
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A number of research firms have recently weighed in on DEO. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday. Sanford C. Bernstein raised shares of Diageo PLC from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Thursday, July 27th. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Finally, Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Diageo PLC presently has a consensus 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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