Today, Smithfield Trust Co. invests in Diageo PLC (DEO) Shares

Today, Smithfield Trust Co. invests in Diageo PLC (DEO) Shares

Smithfield Trust Co. increased its stake in Diageo PLC (NYSE:DEO) by 21.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,420 shares of the company’s stock after buying an additional 430 shares during the period. Smithfield Trust Co.’s holdings in Diageo PLC were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Tocqueville Asset Management L.P. raised its stake in shares of Diageo PLC by 30.8% in the second quarter. Tocqueville Asset Management L.P. now owns 325,476 shares of the company’s stock valued at $36,740,000 after buying an additional 76,690 shares in the last quarter. Saratoga Research & Investment Management raised its stake in shares of Diageo PLC by 1.4% in the second quarter. Saratoga Research & Investment Management now owns 2,550 shares of the company’s stock valued at $288,000 after buying an additional 35 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Diageo PLC by 0.8% in the second quarter. Proficio Capital Partners LLC now owns 13,534 shares of the company’s stock valued at $1,583,000 after buying an additional 106 shares in the last quarter. Concert Wealth Management Inc. raised its stake in shares of Diageo PLC by 47.9% in the second quarter. Concert Wealth Management Inc. now owns 3,364 shares of the company’s stock valued at $381,000 after buying an additional 1,089 shares in the last quarter. Finally, Jackson Park Capital LLC raised its stake in shares of Diageo PLC by 10.0% in the second quarter. Jackson Park Capital LLC now owns 16,500 shares of the company’s stock valued at $1,863,000 after buying an additional 1,500 shares in the last quarter. 10.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo PLC (NYSE:DEO) traded up 0.64% during trading on Tuesday, reaching $108.42. 291,832 shares of the company’s stock were exchanged. Diageo PLC has a 12-month low of $99.59 and a 12-month high of $117.95. The stock’s 50-day moving average is $113.51 and its 200-day moving average is $111.28. The company has a market cap of $68.04 billion, a P/E ratio of 23.92 and a beta of 0.78.

The business also recently declared a dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th were issued a dividend of $0.192 per share. The ex-dividend date was Wednesday, August 10th.

Several brokerages have commented on DEO. Jefferies Group reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Tuesday. Credit Agricole SA reaffirmed an “outperform” rating on shares of Diageo PLC in a research report on Wednesday, October 5th. Zacks Investment Research lowered shares of Diageo PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. Liberum Capital began coverage on shares of Diageo PLC in a research report on Monday, October 3rd. They issued a “hold” rating on the stock. Finally, Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a research report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Diageo PLC presently has an average rating of “Hold” and a consensus 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.

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