Epoch Investment Partners Inc. Has $486,000 Holdings in Diageo PLC (DEO)
Epoch Investment Partners Inc. trimmed its position in shares of Diageo PLC (NYSE:DEO) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,060 shares of the company’s stock after selling 219 shares during the period. Epoch Investment Partners Inc.’s holdings in Diageo PLC were worth $486,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DEO. Harbour Capital Advisors LLC acquired a new stake in shares of Diageo PLC in the 1st quarter valued at approximately $118,000. Glassman Wealth Services boosted its stake in shares of Diageo PLC by 116.8% in the 1st quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after purchasing an additional 577 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Diageo PLC by 62.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $156,000 after purchasing an additional 500 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Diageo PLC by 124.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock valued at $177,000 after purchasing an additional 820 shares in the last quarter. Finally, Welch & Forbes LLC acquired a new stake in shares of Diageo PLC in the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 11.70% of the company’s stock.
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Diageo PLC (DEO) opened at 132.13 on Friday. The company has a 50-day moving average of $133.17 and a 200-day moving average of $122.34. Diageo PLC has a one year low of $99.46 and a one year high of $137.59. The company has a market cap of $83.03 billion, a price-to-earnings ratio of 23.73 and a beta of 0.75.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $2.0322 per share. This is a positive change 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%.
A number of equities research analysts have recently weighed in on the stock. Jefferies Group LLC set a $142.00 price target on shares of Diageo PLC and gave the company a “buy” rating in a research note on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Evercore ISI assumed coverage on shares of Diageo PLC in a research note on Thursday. They issued an “outperform” rating and a $152.00 price target on the stock. Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and raised their price target for the company from $142.36 to $153.00 in a research note on Friday, July 28th. Finally, Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Diageo PLC has an average rating of “Hold” and a consensus price target of $147.64.
Diageo PLC 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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