Fayez Sarofim & Co. Has $71.73 Million Position in Diageo PLC (DEO)
Fayez Sarofim & Co. cut its stake in Diageo PLC (NYSE:DEO) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 598,560 shares of the company’s stock after selling 5,891 shares during the period. Fayez Sarofim & Co. owned 0.10% of Diageo PLC worth $71,726,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised 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 worth $116,000 after acquiring an additional 738 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Diageo PLC in the first quarter worth about $118,000. Glassman Wealth Services raised 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 worth $124,000 after acquiring an additional 577 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Diageo PLC in the first quarter worth about $139,000. Finally, Welch & Forbes LLC bought a new position in shares of Diageo PLC in the second quarter worth about $200,000. 11.72% of the stock is owned by institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.33% during midday trading on Friday, hitting $135.37. 359,316 shares of the stock traded hands. The company has a market capitalization of $85.06 billion, a price-to-earnings ratio of 24.81 and a beta of 0.75. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $137.59. The firm’s 50-day moving average is $132.86 and its 200 day moving average is $121.90.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a $2.0322 dividend. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19.
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A number of equities analysts have weighed in on DEO shares. Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. BidaskClub raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the stock a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research note on Tuesday, August 22nd. Finally, Berenberg Bank downgraded shares of Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $146.55.
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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