Diageo PLC (DEO) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its position in shares of Diageo PLC (NYSE:DEO) by 7.4% during the third quarter, Holdings Channel reports. The institutional investor owned 112,642 shares of the company’s stock after buying an additional 7,781 shares during the period. First Trust Advisors LP’s holdings in Diageo PLC were worth $13,071,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stokes & Hubbell Capital Management LLC purchased a new position in shares of Diageo PLC during the second quarter worth approximately $2,199,000. Newman Dignan & Sheerar Inc. bought a new stake in Diageo PLC during the second quarter valued at about $203,000. Stillwater Investment Management LLC increased its stake in Diageo PLC by 6.4% in the second quarter. Stillwater Investment Management LLC now owns 9,292 shares of the company’s stock valued at $1,049,000 after buying an additional 561 shares during the period. Merriman Wealth Management LLC bought a new stake in Diageo PLC during the second quarter valued at about $3,415,000. Finally, Baxter Bros Inc. bought a new stake in Diageo PLC during the second quarter valued at about $3,248,000. Institutional investors and hedge funds own 13.52% of the company’s stock.
Diageo PLC (NYSE:DEO) traded down 0.28% during trading on Wednesday, reaching $101.80. The company’s stock had a trading volume of 841,562 shares. The firm’s 50-day moving average is $105.37 and its 200-day moving average is $110.35. The stock has a market cap of $63.89 billion, a P/E ratio of 23.18 and a beta of 0.80. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $117.84.
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DEO has been the subject of several recent analyst reports. initiated coverage on Diageo PLC in a research note on Thursday, October 6th. They set a “buy” rating and a $130.00 price target for the company. Liberum Capital initiated coverage on Diageo PLC in a research note on Monday, October 3rd. They set a “hold” rating for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, HSBC raised Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $135.78.
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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