BB&T Securities LLC Has $13.53 Million Stake in Diageo PLC (DEO)

BB&T Securities LLC increased its stake in Diageo PLC (NYSE:DEO) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 112,887 shares of the company’s stock after buying an additional 2,371 shares during the period. BB&T Securities LLC’s holdings in Diageo PLC were worth $13,526,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEO. Carret Asset Management LLC raised its position in shares of Diageo PLC by 0.5% in the first quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock valued at $354,000 after buying an additional 15 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock valued at $303,000 after buying an additional 20 shares in the last quarter. Investment Centers of America Inc. raised its position in shares of Diageo PLC by 0.3% in the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock valued at $761,000 after buying an additional 22 shares in the last quarter. Capital One National Association raised its position in shares of Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock valued at $374,000 after buying an additional 22 shares in the last quarter. Finally, Lourd Capital LLC raised its position in shares of Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock valued at $916,000 after buying an additional 30 shares in the last quarter. 12.06% of the stock is owned by institutional investors and hedge funds.

Shares of Diageo PLC (DEO) opened at 132.05 on Friday. The firm’s 50-day moving average price is $125.30 and its 200-day moving average price is $119.11. The firm has a market capitalization of $82.98 billion, a P/E ratio of 24.04 and a beta of 0.76. Diageo PLC has a one year low of $99.46 and a one year high of $134.49.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be paid a dividend of $2.0322 per share. This represents a dividend yield of 3.12%. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date is Wednesday, August 9th.

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Several research analysts recently issued reports on the company. Jefferies Group LLC set a $142.00 target price on Diageo PLC and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup Inc. lowered Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Finally, Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Diageo PLC presently has a consensus 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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