Callahan Advisors LLC boosted its stake in shares of Diageo PLC (NYSE:DEO) by 1.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,451 shares of the company’s stock after buying an additional 435 shares during the period. Callahan Advisors LLC’s holdings in Diageo PLC were worth $3,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. increased its stake in shares of Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock valued at $119,000 after buying an additional 12 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Diageo PLC by 0.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,564 shares of the company’s stock valued at $181,000 after buying an additional 12 shares in the last quarter. Buckingham Asset Management LLC increased its stake in shares of Diageo PLC by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 2,776 shares of the company’s stock valued at $313,000 after buying an additional 15 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Diageo PLC by 0.8% in the second quarter. Cullen Frost Bankers Inc. now owns 2,453 shares of the company’s stock valued at $277,000 after buying an additional 19 shares in the last quarter. Finally, Citizens Financial Group Inc RI increased its stake in shares of Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock valued at $101,000 after buying an additional 26 shares in the last quarter. 13.52% of the stock is owned by institutional investors and hedge funds.

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

Shares of Diageo PLC (NYSE:DEO) traded up 0.28% on Tuesday, hitting $102.09. The stock had a trading volume of 968,586 shares. Diageo PLC has a one year low of $99.46 and a one year high of $117.84. The firm’s 50 day moving average is $105.37 and its 200-day moving average is $110.35. The stock has a market capitalization of $64.07 billion, a PE ratio of 23.24 and a beta of 0.80.

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Several brokerages recently issued reports on DEO. Jefferies Group reissued a “buy” rating on shares of Diageo PLC in a research note on Tuesday. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a research note on Friday, September 16th. Macquarie began coverage on Diageo PLC in a research note on Monday. They issued an “underperform” rating for the company. Zacks Investment Research downgraded Diageo PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Finally, HSBC raised Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Diageo PLC presently has an average rating of “Hold” and an average 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.

5 Day Chart for NYSE:DEO

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