National Planning Corp Decreases Position in Diageo PLC (DEO)
National Planning Corp decreased its stake in shares of Diageo PLC (NYSE:DEO) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 6,190 shares of the company’s stock after selling 348 shares during the period. National Planning Corp’s holdings in Diageo PLC were worth $738,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Causeway Capital Management LLC raised its position in shares of Diageo PLC by 2.9% in the first quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock valued at $10,878,000 after buying an additional 2,666 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Diageo PLC during the first quarter valued at approximately $202,000. Greenleaf Trust purchased a new position in shares of Diageo PLC during the first quarter valued at approximately $274,000. Asset Management One Co. Ltd. raised its position in shares of Diageo PLC by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 25,297 shares of the company’s stock valued at $2,937,000 after buying an additional 867 shares in the last quarter. Finally, Glassman Wealth Services raised its position 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. Hedge funds and other institutional investors own 12.07% of the company’s stock.
Diageo PLC (DEO) opened at 129.51 on Friday. The stock has a market cap of $81.38 billion, a price-to-earnings ratio of 23.23 and a beta of 0.76. The firm has a 50-day moving average price of $123.60 and a 200 day moving average price of $118.35. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $133.17.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be given a $2.0322 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.
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Several equities analysts have recently commented on DEO shares. Jefferies Group LLC set a $120.00 price target on Diageo PLC and gave the company a “buy” rating in a research note on Friday, April 21st. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and raised their price target for the company from $142.36 to $153.00 in a research note on Friday, July 28th. Societe Generale upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. BidaskClub lowered Diageo PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. 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 stock. The company has an average rating of “Hold” and an average target price 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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