Benjamin F. Edwards & Company Inc. decreased its position in Diageo PLC (NYSE:DEO) by 12.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,559 shares of the company’s stock after selling 810 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Diageo PLC were worth $666,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its position in shares of 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 bought a new position in shares of Diageo PLC during the first quarter worth about $118,000. Glassman Wealth Services increased 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 in the last quarter. Tradewinds Capital Management LLC increased 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 in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of 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 in the last quarter. Institutional investors own 12.06% of the company’s stock.
Shares of Diageo PLC (DEO) opened at 132.05 on Friday. The firm has a market capitalization 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. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $134.49.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be paid a $2.0322 dividend. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%.
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A number of equities analysts have recently issued reports on DEO shares. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report 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. cut shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Jefferies Group LLC set a $120.00 price objective on shares of Diageo PLC and gave the company a “buy” rating in a research note on Friday, April 21st. Finally, Sanford C. Bernstein raised shares of Diageo PLC from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $142.36 to $153.00 in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price 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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