HL Financial Services LLC Lowers Stake in Diageo PLC (DEO)
HL Financial Services LLC decreased its stake in Diageo PLC (NYSE:DEO) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 10,865 shares of the company’s stock after selling 226 shares during the period. HL Financial Services LLC’s holdings in Diageo PLC were worth $1,302,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of DEO. YorkBridge Wealth Partners LLC boosted its stake in shares of Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of Diageo PLC during the first quarter valued at about $118,000. Glassman Wealth Services boosted its stake in shares of Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Diageo PLC by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock valued at $137,000 after buying an additional 1,013 shares in the last quarter. 12.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diageo PLC (NYSE DEO) opened at 129.08 on Friday. The company’s 50 day moving average is $123.32 and its 200-day moving average is $118.20. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $133.17. The stock has a market capitalization of $81.09 billion, a price-to-earnings ratio of 23.15 and a beta of 0.76.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be given a dividend of $2.0322 per share. The ex-dividend date is Wednesday, August 9th. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19. This represents a yield of 3.12%.
Several brokerages have recently issued reports on DEO. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Friday, April 21st. Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Finally, Citigroup Inc. cut 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 given a hold rating and eight have given a buy rating to the company. Diageo PLC currently has a consensus rating of “Hold” and a consensus target price 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.
Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo PLC (NYSE:DEO).
Receive News & Ratings for Diageo PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo PLC and related companies with MarketBeat.com's FREE daily email newsletter.