Brown Advisory Inc. Reduces Position in Diageo PLC (DEO)
Brown Advisory Inc. decreased its position in shares of Diageo PLC (NYSE:DEO) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,439 shares of the company’s stock after selling 2,883 shares during the period. Brown Advisory Inc.’s holdings in Diageo PLC were worth $5,130,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of DEO. Capstone Asset Management Co. raised its position in shares of Diageo PLC by 7.4% in the first quarter. Capstone Asset Management Co. now owns 57,518 shares of the company’s stock worth $6,204,000 after buying an additional 3,940 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Diageo PLC by 9.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 3,359 shares of the company’s stock worth $362,000 after buying an additional 280 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Diageo PLC during the first quarter worth approximately $2,445,000. Kelman Lazarov Inc. bought a new stake in shares of Diageo PLC during the first quarter worth approximately $407,000. Finally, Narwhal Capital Management increased its stake in shares of Diageo PLC by 7.8% in the first quarter. Narwhal Capital Management now owns 29,275 shares of the company’s stock worth $3,158,000 after buying an additional 2,125 shares during the period. 11.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.83% during mid-day trading on Tuesday, hitting $114.82. The company had a trading volume of 188,025 shares. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The firm’s 50-day moving average price is $114.17 and its 200 day moving average price is $110.36. The company has a market capitalization of $72.06 billion, a P/E ratio of 24.20 and a beta of 0.76.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.192 per share. The ex-dividend date is Wednesday, August 10th.
DEO has been the subject of a number of recent research reports. Societe Generale reiterated a “sell” rating on shares of Diageo PLC in a research report on Wednesday, June 1st. Zacks Investment Research downgraded Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Goldman Sachs Group Inc. upgraded Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. HSBC reiterated a “hold” rating on shares of Diageo PLC in a research report on Thursday, June 30th. Finally, Barclays PLC downgraded Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Diageo PLC currently has a consensus rating of “Hold” and a consensus target price of $134.28.
About Diageo PLC
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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