Cooke & Bieler LP Sells 5,170 Shares of Diageo PLC (DEO)
Cooke & Bieler LP decreased its position in shares of Diageo PLC (NYSE:DEO) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,641 shares of the company’s stock after selling 5,170 shares during the period. Cooke & Bieler LP owned about 0.09% of Diageo PLC worth $60,463,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in DEO. 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 worth $479,163,000 after buying an additional 653,461 shares during the period. JPMorgan Chase & Co. raised its stake in 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 during the last quarter. Bank of Montreal Can purchased a new stake in Diageo PLC during the second quarter valued at about $16,434,000. DAVENPORT & Co LLC raised its stake in Diageo PLC by 35.6% in the second quarter. DAVENPORT & Co LLC now owns 528,756 shares of the company’s stock valued at $59,686,000 after buying an additional 138,931 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Diageo PLC during the first quarter valued at about $7,551,000. Institutional investors and hedge funds own 10.97% of the company’s stock.
Diageo PLC (NYSE:DEO) traded down 0.71% during midday trading on Monday, reaching $107.73. 708,322 shares of the company’s stock traded hands. The stock has a market cap of $67.61 billion, a PE ratio of 23.77 and a beta of 0.78. The stock’s 50 day moving average price is $113.71 and its 200-day moving average price is $111.24. Diageo PLC has a one year low of $99.59 and a one year high of $117.95.
The company also recently disclosed a dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th were given a dividend of $0.192 per share. The ex-dividend date of this dividend was Wednesday, August 10th.
Several research firms have recently issued reports on DEO. Beaufort Securities reiterated a “buy” rating on shares of Diageo PLC in a research note on Sunday, July 31st. Zacks Investment Research lowered shares of Diageo PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Liberum Capital began coverage on shares of Diageo PLC in a research note on Monday, October 3rd. They issued a “hold” rating for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Finally, Credit Agricole SA began coverage on shares of Diageo PLC in a research note on Thursday, October 6th. They issued a “buy” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price 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.
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