Diageo PLC (DEO) Shares Bought by Grandfield & Dodd LLC
Grandfield & Dodd LLC raised its stake in Diageo PLC (NYSE:DEO) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,003 shares of the company’s stock after buying an additional 11,569 shares during the period. Diageo PLC comprises approximately 2.2% of Grandfield & Dodd LLC’s portfolio, making the stock its 12th largest position. Grandfield & Dodd LLC’s holdings in Diageo PLC were worth $16,029,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its stake in Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock valued at $479,163,000 after buying an additional 653,461 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Diageo PLC by 229.4% in the first quarter. JPMorgan Chase & Co. now owns 696,771 shares of the company’s stock valued at $75,160,000 after buying an additional 485,237 shares in the last quarter. Bank of Montreal Can purchased a new stake in Diageo PLC during the second quarter valued at about $16,434,000. DAVENPORT & Co LLC increased its stake in Diageo PLC by 35.6% in the second quarter. DAVENPORT & Co LLC now owns 528,756 shares of the company’s stock valued at $59,686,000 after buying an additional 138,931 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Diageo PLC during the first quarter valued at about $7,551,000. 10.97% of the stock is owned by institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.28% during trading on Monday, hitting $116.37. 382,722 shares of the stock were exchanged. The company has a market cap of $73.03 billion, a P/E ratio of 25.12 and a beta of 0.78. The firm’s 50-day moving average is $114.42 and its 200 day moving average is $110.91. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95.
The company also recently announced a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be issued a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
Several analysts recently issued reports on DEO shares. Bank of America Corp. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. Barclays PLC downgraded shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Finally, Liberum Capital assumed coverage on shares of Diageo PLC in a report on Monday. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $134.28.
Diageo PLC Company Profile
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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