Highlander Capital Management LLC maintained its stake in Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,400 shares of the company’s stock at the close of the second quarter. Highlander Capital Management LLC’s holdings in Diageo PLC were worth $643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Causeway Capital Management LLC lifted its holdings in shares of Diageo PLC by 2.9% during the first quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock valued at $10,878,000 after acquiring an additional 2,666 shares during the period. Allen Investment Management LLC lifted its holdings in shares of Diageo PLC by 16.3% during the second quarter. Allen Investment Management LLC now owns 27,810 shares of the company’s stock valued at $3,332,000 after acquiring an additional 3,892 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Diageo PLC by 33.4% during the first quarter. Geode Capital Management LLC now owns 13,616 shares of the company’s stock valued at $1,573,000 after acquiring an additional 3,411 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Diageo PLC by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 25,297 shares of the company’s stock valued at $2,937,000 after acquiring an additional 867 shares during the period. Finally, Glassman Wealth Services lifted its holdings in shares of Diageo PLC by 116.8% during the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after acquiring an additional 577 shares during the period. 11.70% of the stock is owned by institutional investors.

A number of research analysts have issued reports on DEO shares. Jefferies Group LLC set a $142.00 price objective on Diageo PLC and gave the company a “buy” rating in a report on Saturday, June 17th. BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $142.36 to $153.00 in a report on Friday, July 28th. Finally, Zacks Investment Research raised Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $152.35.

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Diageo PLC (NYSE:DEO) traded up 0.6866% on Monday, hitting $133.8729. The company had a trading volume of 230,661 shares. The firm has a market capitalization of $84.12 billion, a PE ratio of 24.0433 and a beta of 0.73. The firm has a 50-day moving average price of $133.40 and a 200-day moving average price of $123.95. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59.

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 given a dividend of $2.0322 per share. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. This represents a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 9th.

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.

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

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