Jackson Park Capital LLC raised its position in Diageo PLC (NYSE:DEO) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 16,500 shares of the company’s stock after buying an additional 1,500 shares during the period. Diageo PLC accounts for approximately 2.6% of Jackson Park Capital LLC’s holdings, making the stock its 19th largest position. Jackson Park Capital LLC’s holdings in Diageo PLC were worth $1,863,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Jolley Asset Management LLC raised 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 period. Carroll Financial Associates Inc. raised 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 worth $175,000 after buying an additional 200 shares during the period. Baker Ellis Asset Management LLC raised its stake in Diageo PLC by 2.8% in the first quarter. Baker Ellis Asset Management LLC now owns 1,835 shares of the company’s stock worth $198,000 after buying an additional 50 shares during the period. Telemus Capital LLC acquired a new stake in Diageo PLC during the second quarter worth about $201,000. Finally, Newman Dignan & Sheerar Inc. acquired a new stake in Diageo PLC during the second quarter worth about $203,000. Institutional investors own 10.97% of the company’s stock.
Diageo PLC (NYSE:DEO) traded down 0.79% on Friday, hitting $112.76. 449,029 shares of the company were exchanged. The firm has a 50 day moving average of $114.50 and a 200-day moving average of $111.11. The stock has a market cap of $70.77 billion, a PE ratio of 24.28 and a beta of 0.78. Diageo PLC has a 52-week low of $99.59 and a 52-week high of $117.95.
The company also recently announced a dividend, which will be paid on Wednesday, October 12th. Stockholders 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.
A number of research firms have issued reports on DEO. Beaufort Securities reiterated a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. Bank of America Corp. restated a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. Credit Agricole SA initiated coverage on shares of Diageo PLC in a report on Thursday. They issued an “outperform” rating and a $130.00 price objective on the stock. Liberum Capital initiated coverage on shares of Diageo PLC in a report on Monday. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The company currently 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.
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