Manitou Investment Management Ltd. Raises Stake in Diageo PLC (DEO)
Manitou Investment Management Ltd. boosted its position in Diageo PLC (NYSE:DEO) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 113,630 shares of the company’s stock after buying an additional 50 shares during the period. Diageo PLC makes up 4.1% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 10th largest position. Manitou Investment Management Ltd.’s holdings in Diageo PLC were worth $12,827,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in DEO. Jolley Asset Management LLC raised its position in shares of Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock worth $140,000 after buying an additional 337 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock worth $175,000 after buying an additional 200 shares in the last quarter. Telemus Capital LLC bought a new stake in shares of Diageo PLC during the second quarter worth about $201,000. Newman Dignan & Sheerar Inc. bought a new stake in shares of Diageo PLC during the second quarter worth about $203,000. Finally, Warren Averett Asset Management LLC bought a new stake in shares of Diageo PLC during the second quarter worth about $206,000. Institutional investors own 10.97% of the company’s stock.
Shares of Diageo PLC (NYSE:DEO) traded up 0.39% on Tuesday, hitting $108.15. The stock had a trading volume of 607,700 shares. The firm has a 50-day moving average of $113.51 and a 200 day moving average of $111.28. The company has a market capitalization of $67.87 billion, a PE ratio of 23.86 and a beta of 0.78. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95.
The firm also recently announced a dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th were issued a dividend of $0.192 per share. The ex-dividend date was Wednesday, August 10th.
A number of equities research analysts recently issued reports on DEO shares. Zacks Investment Research downgraded Diageo PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Jefferies Group reissued a “buy” rating on shares of Diageo PLC in a research report on Tuesday. Goldman Sachs Group Inc. raised Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Credit Agricole SA reissued an “outperform” rating on shares of Diageo PLC in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Diageo PLC currently has an average rating of “Hold” and a consensus target price of $135.78.
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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