Scout Investments Inc. Has $21.95 Million Stake in Diageo PLC (DEO)
Scout Investments Inc. decreased its position in Diageo PLC (NYSE:DEO) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,178 shares of the company’s stock after selling 2,969 shares during the period. Scout Investments Inc.’s holdings in Diageo PLC were worth $21,950,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DEO. Usca Ria LLC raised its position in shares of Diageo PLC by 21.1% in the first quarter. Usca Ria LLC now owns 10,203 shares of the company’s stock worth $1,179,000 after buying an additional 1,779 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Diageo PLC by 1.0% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 33,800 shares of the company’s stock worth $3,907,000 after buying an additional 328 shares during the period. Advisory Services Network LLC acquired a new position in shares of Diageo PLC during the first quarter worth about $372,000. Wright Investors Service Inc. acquired a new position in shares of Diageo PLC during the first quarter worth about $379,000. Finally, Tocqueville Asset Management L.P. raised its position in shares of Diageo PLC by 17.6% in the first quarter. Tocqueville Asset Management L.P. now owns 324,792 shares of the company’s stock worth $37,539,000 after buying an additional 48,627 shares during the period. Institutional investors own 11.71% of the company’s stock.
Shares of Diageo PLC (DEO) opened at 133.58 on Thursday. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $134.49. The stock has a 50 day moving average price of $126.98 and a 200-day moving average price of $119.85. The company has a market cap of $83.94 billion, a P/E ratio of 24.59 and a beta of 0.76.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be paid 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 dividend yield of 3.12%.
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A number of research analysts have issued reports on the company. BidaskClub upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Tuesday, August 22nd. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Jefferies Group LLC set a $142.00 price objective on Diageo PLC and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. downgraded Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Diageo PLC has a consensus rating of “Hold” and a consensus 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.
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