Diageo PLC (DEO) Sees Large Volume Increase
Diageo PLC (NYSE:DEO) saw unusually-high trading volume on Wednesday . Approximately 539,369 shares traded hands during trading, a decline of 1% from the previous session’s volume of 544,542 shares.The stock last traded at $114.40 and had previously closed at $114.54.
DEO has been the topic of a number of analyst reports. Bank of America Corp. reiterated a “buy” rating on shares of Diageo PLC in a research note on Friday, September 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Societe Generale upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Finally, Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a research note on Sunday, July 31st. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $134.28.
The company has a 50-day moving average price of $114.15 and a 200-day moving average price of $110.46. The firm has a market capitalization of $72.54 billion, a PE ratio of 24.36 and a beta of 0.76.
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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 is Wednesday, August 10th.
Large investors have recently made changes to their positions in the company. Citizens Financial Group Inc RI boosted its stake in shares of Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock worth $101,000 after buying an additional 26 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock worth $119,000 after buying an additional 12 shares during the period. Integrated Wealth Management raised its position in shares of Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock worth $131,000 after buying an additional 27 shares during the period. Jolley Asset Management LLC raised its position in shares of 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 period. Finally, Carroll Financial Associates Inc. raised its position in shares of Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock worth $175,000 after buying an additional 200 shares during the period. 10.97% of the stock is owned by hedge funds and other institutional investors.
Diageo PLC Company Profile
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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