Pekin Singer Strauss Asset Management IL raised its position in shares of Diageo PLC (NYSE:DEO) by 16.3% during the second quarter, Holdings Channel reports. The fund owned 4,356 shares of the company’s stock after buying an additional 612 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Diageo PLC were worth $522,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carret Asset Management LLC boosted its position in shares of Diageo PLC by 0.5% in the first quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock worth $354,000 after buying an additional 15 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after buying an additional 20 shares during the period. Investment Centers of America Inc. raised its position in Diageo PLC by 0.3% in the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock worth $761,000 after buying an additional 22 shares during the period. Capital One National Association raised its position in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock worth $374,000 after buying an additional 22 shares during the period. Finally, Lourd Capital LLC raised its position in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock worth $916,000 after buying an additional 30 shares during the period. 12.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Diageo PLC (NYSE:DEO) opened at 129.51 on Friday. The stock has a market capitalization of $81.38 billion, a price-to-earnings ratio of 23.23 and a beta of 0.76. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $133.17. The firm’s 50 day moving average is $123.60 and its 200 day moving average is $118.35.

The business also recently announced 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 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%.

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A number of research firms recently weighed in on DEO. Jefferies Group LLC set a $142.00 price objective on shares of Diageo PLC and gave the company a “buy” rating in a research report on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Finally, Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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