Kornitzer Capital Management Inc. KS decreased its stake in shares of Diageo PLC (NYSE:DEO) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,330 shares of the company’s stock after selling 4,035 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Diageo PLC were worth $14,937,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock valued at $479,163,000 after buying an additional 653,461 shares in the last quarter. Thomaspartners Inc. raised its stake in shares of Diageo PLC by 4.6% in the first quarter. Thomaspartners Inc. now owns 1,293,402 shares of the company’s stock valued at $139,519,000 after buying an additional 56,969 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Diageo PLC by 1.2% in the first quarter. Royal Bank of Canada now owns 1,096,853 shares of the company’s stock valued at $118,318,000 after buying an additional 12,773 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Diageo PLC by 229.4% in the first quarter. JPMorgan Chase & Co. now owns 696,771 shares of the company’s stock valued at $75,160,000 after buying an additional 485,237 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in shares of Diageo PLC by 9.5% in the second quarter. Confluence Investment Management LLC now owns 678,279 shares of the company’s stock valued at $76,564,000 after buying an additional 59,021 shares in the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

Shares of Diageo PLC (NYSE:DEO) traded down 0.91% on Friday, hitting $108.50. The stock had a trading volume of 558,862 shares. Diageo PLC has a 52 week low of $99.59 and a 52 week high of $117.95. The company has a market cap of $68.09 billion, a PE ratio of 23.94 and a beta of 0.78. The stock’s 50-day moving average price is $113.89 and its 200 day moving average price is $111.22.

The firm also recently declared a dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th were issued a $0.192 dividend. The ex-dividend date of this dividend was Wednesday, August 10th.

Several equities research analysts have recently issued reports on DEO shares. Zacks Investment Research lowered Diageo PLC from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Goldman Sachs Group Inc. upgraded Diageo PLC from a “sell” rating to a “neutral” rating in a report on Tuesday, June 28th. Credit Agricole SA restated an “outperform” rating on shares of Diageo PLC in a report on Wednesday, October 5th. Finally, HSBC restated a “hold” rating on shares of Diageo PLC in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $135.78.

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.

5 Day Chart for NYSE:DEO

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