Bronfman E.L. Rothschild L.P. raised its stake in shares of Diageo PLC (NYSE:DEO) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,862 shares of the company’s stock after buying an additional 1,054 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Diageo PLC were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Diageo PLC by 6.1% in the first quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock valued at $776,513,000 after buying an additional 385,257 shares during the period. Harris Associates L P raised its stake in shares of Diageo PLC by 0.8% in the first quarter. Harris Associates L P now owns 6,703,040 shares of the company’s stock valued at $774,738,000 after buying an additional 50,114 shares during the period. Wells Fargo & Company MN raised its stake in shares of Diageo PLC by 6.8% in the first quarter. Wells Fargo & Company MN now owns 4,166,694 shares of the company’s stock valued at $481,587,000 after buying an additional 263,838 shares during the period. Wellington Management Group LLP raised its stake in shares of Diageo PLC by 1.8% in the first quarter. Wellington Management Group LLP now owns 3,270,879 shares of the company’s stock valued at $378,048,000 after buying an additional 57,038 shares during the period. Finally, Thomaspartners Inc. raised its stake in shares of Diageo PLC by 9.0% in the first quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after buying an additional 167,976 shares during the period. Institutional investors own 11.71% of the company’s stock.

Diageo PLC (DEO) traded up 0.5791% during trading on Thursday, hitting $133.7099. 49,821 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $126.98 and its 200 day moving average price is $119.85. The firm has a market cap of $84.02 billion, a price-to-earnings ratio of 24.6152 and a beta of 0.76. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $134.49.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be given a $2.0322 dividend. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 3.12%.

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Several analysts recently issued reports on DEO shares. BidaskClub lowered shares of Diageo PLC from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Tuesday, August 22nd. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $143.50.

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.

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

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