Diageo PLC (DEO) Reaches New 12-Month High at $136.82
Shares of Diageo PLC (NYSE:DEO) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $136.82 and last traded at $136.78, with a volume of 390,143 shares traded. The stock had previously closed at $135.58.
A number of research firms have recently issued reports on DEO. Jefferies Group LLC reissued a “buy” rating and issued a $154.20 price target (up from $142.25) on shares of Diageo PLC in a research report on Friday, September 1st. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Tuesday, August 22nd. Sanford C. Bernstein raised shares of Diageo PLC from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Finally, Citigroup Inc. lowered 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, one has issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $146.55.
The company has a 50-day moving average price of $130.35 and a 200-day moving average price of $121.04. The stock has a market cap of $85.69 billion, a PE ratio of 25.10 and a beta of 0.75.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be paid a $2.0322 dividend. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date is Wednesday, August 9th. This represents a yield of 3.12%.
Institutional investors have recently made changes to their positions in the company. Causeway Capital Management LLC raised its stake in shares of Diageo PLC by 2.9% during the 1st quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock worth $10,878,000 after purchasing an additional 2,666 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Diageo PLC by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 25,297 shares of the company’s stock worth $2,937,000 after purchasing an additional 867 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Diageo PLC by 33.4% during the 1st quarter. Geode Capital Management LLC now owns 13,616 shares of the company’s stock worth $1,573,000 after purchasing an additional 3,411 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Diageo PLC by 116.8% during the 1st quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after purchasing an additional 577 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Diageo PLC by 6.1% during the 1st quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock worth $776,513,000 after purchasing an additional 385,257 shares in the last quarter. Institutional investors own 11.71% of the company’s stock.
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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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