Grandfield & Dodd LLC raised its position in shares of Diageo PLC (NYSE:DEO) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,403 shares of the company’s stock after buying an additional 3,619 shares during the period. Diageo PLC comprises approximately 2.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 6th largest position. Grandfield & Dodd LLC’s holdings in Diageo PLC were worth $22,696,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its position 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 in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Diageo PLC during the first quarter worth about $118,000. Glassman Wealth Services raised its position in shares of 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 raised its position in shares of 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 purchased a new position in shares of Diageo PLC during the first quarter worth about $139,000. Institutional investors own 12.07% of the company’s stock.
Shares of Diageo PLC (NYSE DEO) traded up 0.33% during trading on Friday, hitting $129.51. 249,197 shares of the company traded hands. Diageo PLC has a one year low of $99.46 and a one year high of $133.17. The firm has a 50 day moving average price of $123.60 and a 200-day moving average price of $118.35. The stock has a market cap of $81.38 billion, a price-to-earnings ratio of 23.23 and a beta of 0.76.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be paid a $2.0322 dividend. The ex-dividend date is Wednesday, August 9th. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. This represents a dividend yield of 3.12%.
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A number of brokerages have recently issued reports on DEO. Jefferies Group LLC set a $142.00 price target on shares of Diageo PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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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