Advisory Services Network LLC raised its position in shares of Diageo PLC (NYSE:DEO) by 19.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,748 shares of the company’s stock after buying an additional 444 shares during the period. Advisory Services Network LLC’s holdings in Diageo PLC were worth $310,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in DEO. Jolley Asset Management LLC boosted its stake in Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock worth $140,000 after buying an additional 337 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock valued at $175,000 after buying an additional 200 shares during the last quarter. Telemus Capital LLC purchased a new stake in Diageo PLC during the second quarter valued at $201,000. Newman Dignan & Sheerar Inc. purchased a new stake in Diageo PLC during the second quarter valued at $203,000. Finally, Warren Averett Asset Management LLC purchased a new stake in Diageo PLC during the second quarter valued at $206,000. 10.97% of the stock is owned by institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded down 0.88% during trading on Friday, hitting $112.66. The stock had a trading volume of 556,117 shares. The company has a market cap of $70.70 billion, a PE ratio of 24.26 and a beta of 0.78. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The firm’s 50 day moving average is $114.41 and its 200 day moving average is $111.14.
The business also recently announced a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be given a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
DEO has been the subject of several research reports. Credit Agricole SA initiated coverage on Diageo PLC in a report on Thursday. They set a “buy” rating and a $130.00 price target for the company. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Beaufort Securities reissued a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. Finally, Barclays PLC cut Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Diageo PLC presently has an average rating of “Hold” and an average price target 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.