Diageo PLC (DEO) Position Maintained by Boston Advisors LLC
Boston Advisors LLC continued to hold its stake in shares of Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,838 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Diageo PLC were worth $220,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Diageo PLC by 13,115.4% in the first quarter. BlackRock Inc. now owns 1,750,247 shares of the company’s stock worth $202,293,000 after buying an additional 1,737,003 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Diageo PLC by 6.1% in the first quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock worth $776,513,000 after buying an additional 385,257 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Diageo PLC by 6.8% in the first quarter. Wells Fargo & Company MN now owns 4,166,694 shares of the company’s stock worth $481,587,000 after buying an additional 263,838 shares in the last quarter. Morgan Stanley raised its stake in shares of Diageo PLC by 12.6% in the first quarter. Morgan Stanley now owns 1,958,009 shares of the company’s stock worth $226,307,000 after buying an additional 218,450 shares in the last quarter. Finally, Thomaspartners Inc. raised its stake in shares of Diageo PLC by 9.0% in the first quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock worth $235,478,000 after buying an additional 167,976 shares in the last quarter. 12.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE DEO) traded up 0.380% during mid-day trading on Monday, hitting $132.672. 161,527 shares of the stock traded hands. The company has a market cap of $83.35 billion, a P/E ratio of 24.246 and a beta of 0.76. Diageo PLC has a one year low of $99.46 and a one year high of $132.81. The stock has a 50 day moving average price of $121.35 and a 200-day moving average price of $117.22.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $2.0322 per share. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19.
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DEO has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Finally, Jefferies Group LLC set a $120.00 price objective on shares of Diageo PLC and gave the company a “buy” rating in a report on Friday, April 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Diageo PLC presently has a consensus rating of “Hold” and a consensus price target of $141.67.
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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