Raymond James & Associates increased its stake in shares of Diageo plc (NYSE:DEO) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,490 shares of the company’s stock after purchasing an additional 6,948 shares during the period. Raymond James & Associates owned approximately 0.06% of Diageo worth $53,665,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Sei Investments Co. raised its holdings in shares of Diageo by 19.1% during the third quarter. Sei Investments Co. now owns 93,393 shares of the company’s stock valued at $12,339,000 after purchasing an additional 14,992 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Diageo by 26.4% during the third quarter. Sigma Planning Corp now owns 2,613 shares of the company’s stock valued at $345,000 after purchasing an additional 546 shares during the last quarter. Comerica Bank raised its holdings in shares of Diageo by 1.9% during the third quarter. Comerica Bank now owns 41,673 shares of the company’s stock valued at $5,691,000 after purchasing an additional 792 shares during the last quarter. Allen Investment Management LLC raised its holdings in shares of Diageo by 1.3% during the third quarter. Allen Investment Management LLC now owns 28,185 shares of the company’s stock valued at $3,724,000 after purchasing an additional 375 shares during the last quarter. Finally, Heritage Wealth Advisors purchased a new position in shares of Diageo during the third quarter valued at approximately $218,000. 11.87% of the stock is owned by hedge funds and other institutional investors.
DEO has been the subject of several research reports. Zacks Investment Research cut shares of Diageo from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Royal Bank of Canada cut shares of Diageo from an “outperform” rating to a “sector perform” rating in a report on Monday, January 29th. They noted that the move was a valuation call. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Diageo currently has an average rating of “Hold” and a consensus target price of $153.00.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be issued a dividend of $1.4232 per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 1.96%.
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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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