Trade Report: Today, Commerce Bank decides to keep it stake in Diageo PLC (DEO) to the level of $2,085,000

Today, Commerce Bank decides to keep it stake in Diageo PLC (DEO) to the level of $2,085,000

Commerce Bank reduced its position in Diageo PLC (NYSE:DEO) by 13.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,963 shares of the company’s stock after selling 2,778 shares during the period. Commerce Bank’s holdings in Diageo PLC were worth $2,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DEO. Wells Fargo & Company MN boosted its stake in shares of Diageo PLC by 1.9% in the third quarter. Wells Fargo & Company MN now owns 3,877,855 shares of the company’s stock valued at $449,985,000 after buying an additional 73,679 shares in the last quarter. Aristotle Capital Management LLC boosted its stake in shares of Diageo PLC by 3.0% in the second quarter. Aristotle Capital Management LLC now owns 1,523,713 shares of the company’s stock valued at $171,997,000 after buying an additional 44,006 shares in the last quarter. Thomaspartners Inc. boosted its stake in shares of Diageo PLC by 8.7% in the second quarter. Thomaspartners Inc. now owns 1,405,912 shares of the company’s stock valued at $158,699,000 after buying an additional 112,510 shares in the last quarter. Markel Corp boosted its stake in shares of Diageo PLC by 1.2% in the second quarter. Markel Corp now owns 1,302,300 shares of the company’s stock valued at $147,004,000 after buying an additional 15,600 shares in the last quarter. Finally, HS Management Partners LLC boosted its stake in shares of Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock valued at $139,686,000 after buying an additional 207,200 shares in the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

Diageo PLC (NYSE:DEO) traded up 1.14% during midday trading on Friday, reaching $101.84. 400,004 shares of the company’s stock were exchanged. The firm has a market capitalization of $63.91 billion, a P/E ratio of 22.98 and a beta of 0.80. The stock’s 50 day moving average is $106.25 and its 200 day moving average is $110.45. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $117.84.

Several brokerages recently issued reports on DEO. HSBC raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Jefferies Group reaffirmed a “buy” rating on shares of Diageo PLC in a research note on Tuesday, October 18th. reissued an “outperform” rating on shares of Diageo PLC in a research note on Wednesday, October 5th. Zacks Investment Research cut shares of Diageo PLC from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Finally, Liberum Capital began coverage on shares of Diageo PLC in a research note on Monday, October 3rd. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Diageo PLC presently has a consensus rating of “Hold” and a consensus target price of $135.78.

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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