Diageo PLC (DEO) Shares Bought by Grandfield & Dodd LLC
Grandfield & Dodd LLC increased its position in shares of Diageo PLC (NYSE:DEO) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,003 shares of the company’s stock after buying an additional 11,569 shares during the period. Diageo PLC accounts for 2.2% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 12th largest position. Grandfield & Dodd LLC’s holdings in Diageo PLC were worth $16,029,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Jolley Asset Management LLC raised its position in Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock valued at $140,000 after buying an additional 337 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock valued at $175,000 after buying an additional 200 shares during the last quarter. Baker Ellis Asset Management LLC raised its position in Diageo PLC by 2.8% in the first quarter. Baker Ellis Asset Management LLC now owns 1,835 shares of the company’s stock valued at $198,000 after buying an additional 50 shares during the last quarter. Telemus Capital LLC acquired a new position in Diageo PLC during the second quarter valued at $201,000. Finally, Newman Dignan & Sheerar Inc. acquired a new position in Diageo PLC during the second quarter valued at $203,000. Institutional investors own 10.97% of the company’s stock.
Diageo PLC (NYSE:DEO) traded up 0.28% during midday trading on Monday, hitting $116.37. 382,722 shares of the stock traded hands. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The company has a 50-day moving average of $114.42 and a 200-day moving average of $110.91. The stock has a market cap of $73.03 billion, a PE ratio of 25.12 and a beta of 0.78.
The firm also recently announced a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be given a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.
Several equities analysts recently weighed in on the stock. Liberum Capital assumed coverage on shares of Diageo PLC in a report on Monday. They set a “hold” rating on the stock. Bank of America Corp. restated a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Finally, Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $134.28.
About Diageo PLC
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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