Raymond James Trust N.A. raised its position in Diageo plc (NYSE:DEO) by 6.8% during the third quarter, HoldingsChannel.com reports. The fund owned 7,174 shares of the company’s stock after purchasing an additional 459 shares during the quarter. Raymond James Trust N.A.’s holdings in Diageo were worth $1,017,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Morgan Stanley increased its position in shares of Diageo by 18.9% in the second quarter. Morgan Stanley now owns 3,688,338 shares of the company’s stock valued at $531,157,000 after acquiring an additional 586,255 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Diageo in the second quarter valued at about $301,365,000. Cooke & Bieler LP increased its position in shares of Diageo by 1.0% in the second quarter. Cooke & Bieler LP now owns 396,317 shares of the company’s stock valued at $57,074,000 after acquiring an additional 3,949 shares during the period. Fisher Asset Management LLC increased its position in shares of Diageo by 0.8% in the second quarter. Fisher Asset Management LLC now owns 382,433 shares of the company’s stock valued at $55,074,000 after acquiring an additional 3,156 shares during the period. Finally, Focused Investors LLC increased its position in shares of Diageo by 0.6% during the second quarter. Focused Investors LLC now owns 351,800 shares of the company’s stock valued at $50,663,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 11.29% of the company’s stock.

Shares of NYSE DEO opened at $135.22 on Thursday. Diageo plc has a 1 year low of $131.22 and a 1 year high of $151.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.37. The stock has a market cap of $88.16 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.74 and a beta of 0.63.

The business also recently declared a semiannual dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, August 10th were given a dividend of $2.1297 per share. The ex-dividend date was Thursday, August 9th. This represents a dividend yield of 2.87%. This is a boost from Diageo’s previous semiannual dividend of $1.42. Diageo’s payout ratio is currently 65.83%.

Several equities analysts recently issued reports on DEO shares. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, June 25th. Macquarie upgraded shares of Diageo from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 21st. Argus started coverage on shares of Diageo in a research report on Friday, July 13th. They set a “buy” rating and a $168.00 price target on the stock. Sanford C. Bernstein cut shares of Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price target on the stock. in a research report on Friday, June 29th. Finally, Goldman Sachs Group upgraded shares of Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Thursday, July 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $158.40.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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