Chickasaw Capital Management LLC continued to hold its stake in Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,500 shares of the company’s stock at the end of the second quarter. Chickasaw Capital Management LLC’s holdings in Diageo PLC were worth $300,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in DEO. 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 about $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, Quadrant Capital Group LLC increased its stake in Diageo PLC by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock worth $137,000 after buying an additional 1,013 shares during the period. 12.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diageo PLC (NYSE DEO) opened at 132.05 on Friday. The stock has a market capitalization of $82.98 billion, a P/E ratio of 23.68 and a beta of 0.76. The company’s 50-day moving average is $125.30 and its 200 day moving average is $119.11. Diageo PLC has a 52 week low of $99.46 and a 52 week 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. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.
DEO has been the topic of a number of research analyst reports. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the company a “buy” rating in a research note on Friday, April 21st. Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Finally, 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 note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock 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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