MUFG Americas Holdings Corp decreased its position in Diageo PLC (NYSE:DEO) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,461 shares of the company’s stock after selling 1,164 shares during the period. MUFG Americas Holdings Corp’s holdings in Diageo PLC were worth $1,254,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock worth $116,000 after buying an additional 738 shares during the period. Harbour Capital Advisors LLC bought a new stake in Diageo PLC during the first quarter worth approximately $118,000. Glassman Wealth Services increased its stake in Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after buying an additional 577 shares during the period. Tradewinds Capital Management LLC increased its stake in Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock worth $136,000 after buying an additional 92 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Diageo PLC during the first quarter worth approximately $139,000. Institutional investors own 12.06% of the company’s stock.
Diageo PLC (DEO) opened at 131.97 on Friday. The stock has a market capitalization of $82.93 billion, a P/E ratio of 24.03 and a beta of 0.76. The company’s 50-day moving average is $126.59 and its 200-day moving average is $119.70. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $134.49.
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%.
A number of research firms recently commented on DEO. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the stock a “buy” rating in a report on Thursday, July 27th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Tuesday. Finally, Citigroup Inc. downgraded 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, one has given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $143.50.
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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