Diageo PLC (NYSE:DEO) Shares Bought by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. boosted its stake in Diageo PLC (NYSE:DEO) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the company’s stock after buying an additional 70 shares during the period. Carroll Financial Associates Inc.’s holdings in Diageo PLC were worth $202,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Diageo PLC by 7.8% in the fourth quarter. State Street Corp now owns 68,811 shares of the company’s stock valued at $7,151,000 after buying an additional 4,963 shares during the last quarter. Fulton Bank N.A. raised its position in Diageo PLC by 2.6% in the first quarter. Fulton Bank N.A. now owns 2,262 shares of the company’s stock valued at $262,000 after buying an additional 58 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Diageo PLC by 8.1% in the first quarter. Confluence Investment Management LLC now owns 882,583 shares of the company’s stock valued at $102,009,000 after buying an additional 66,120 shares during the period. Catawba Capital Management VA bought a new stake in shares of Diageo PLC during the first quarter valued at approximately $512,000. Finally, Hills Bank & Trust Co. bought a new stake in shares of Diageo PLC during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 12.07% of the company’s stock.
Shares of Diageo PLC (NYSE:DEO) opened at 132.17 on Monday. The stock’s 50 day moving average price is $121.35 and its 200-day moving average price is $117.22. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $132.24. The company has a market capitalization of $83.04 billion, a PE ratio of 24.15 and a beta of 0.76.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be issued a $2.0322 dividend. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date is Wednesday, August 9th. This represents a yield of 3.12%.
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Several analysts have recently commented on the stock. Jefferies Group LLC set a $142.00 price objective on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday. Sanford C. Bernstein raised shares of Diageo PLC from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $142.36 to $153.00 in a research report on Friday, July 28th. Citigroup Inc. downgraded shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Finally, Societe Generale raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Diageo PLC currently has an average rating of “Hold” and a consensus price target of $141.67.
About Diageo PLC
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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