Fifth Third Bancorp Has $2,921,000 Position in Diageo PLC (DEO)
Fifth Third Bancorp maintained its position in Diageo PLC (NYSE:DEO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,170 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Diageo PLC were worth $2,921,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DEO. Hall Laurie J Trustee purchased a new position in Diageo PLC during the fourth quarter worth approximately $101,000. Jackson Grant Investment Advisers Inc. boosted its position in Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock worth $119,000 after buying an additional 12 shares during the last quarter. Mascoma Wealth Management LLC purchased a new position in Diageo PLC during the fourth quarter worth approximately $119,000. Integrated Wealth Management boosted its position in Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Diageo PLC by 198.5% in the third quarter. Quadrant Capital Group LLC now owns 1,224 shares of the company’s stock worth $133,000 after buying an additional 814 shares during the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diageo PLC (NYSE:DEO) opened at 114.20 on Friday. The firm has a market capitalization of $71.69 billion, a PE ratio of 24.46 and a beta of 0.80. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $117.84. The company has a 50-day moving average of $109.62 and a 200 day moving average of $109.27.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Friday, February 24th will be given a $1.1916 dividend. This represents a dividend yield of 2.11%. The ex-dividend date is Wednesday, February 22nd.
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A number of research analysts have recently commented on the stock. Jefferies Group LLC reissued a “buy” rating on shares of Diageo PLC in a research report on Tuesday, November 29th. Liberum Capital cut shares of Diageo PLC from a “hold” rating to a “sell” rating in a research report on Monday, January 30th. Macquarie assumed coverage on shares of Diageo PLC in a research report on Monday, November 28th. They set an “underperform” rating on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of Diageo PLC in a research report on Friday, December 2nd. Finally, HSBC Holdings plc raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Diageo PLC has an average rating of “Hold” and a consensus price target of $157.50.
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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