Walter & Keenan Financial Consulting Co. MI ADV held its stake in Diageo PLC (NYSE:DEO) during the second quarter, Holdings Channel reports. The institutional investor owned 3,202 shares of the company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Diageo PLC were worth $384,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DEO. Wetherby Asset Management Inc. increased its stake in Diageo PLC by 6.7% in the second quarter. Wetherby Asset Management Inc. now owns 8,212 shares of the company’s stock worth $984,000 after buying an additional 518 shares during the last quarter. Seaward Management Limited Partnership increased its stake in Diageo PLC by 1.8% in the second quarter. Seaward Management Limited Partnership now owns 145,223 shares of the company’s stock worth $17,402,000 after buying an additional 2,528 shares during the last quarter. Advisor Partners LLC acquired a new stake in Diageo PLC during the second quarter worth $302,000. Goelzer Investment Management Inc. increased its stake in Diageo PLC by 0.4% in the second quarter. Goelzer Investment Management Inc. now owns 34,443 shares of the company’s stock worth $4,127,000 after buying an additional 144 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its stake in Diageo PLC by 6.4% in the second quarter. Norris Perne & French LLP MI now owns 41,646 shares of the company’s stock worth $4,990,000 after buying an additional 2,522 shares during the last quarter. Institutional investors own 12.07% of the company’s stock.

Diageo PLC (DEO) opened at 130.71 on Thursday. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $133.17. The company has a market capitalization of $82.12 billion, a PE ratio of 23.44 and a beta of 0.76. The company has a 50-day moving average of $123.11 and a 200-day moving average of $118.12.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be issued a dividend of $2.0322 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.

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A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Jefferies Group LLC set a $142.00 price target on shares of Diageo PLC and gave the company a “buy” rating in a research report on Thursday, July 27th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Finally, Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Diageo PLC has a consensus rating of “Hold” and a consensus price target of $141.67.

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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Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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