Enterprise Financial Services Corp reduced its position in Diageo PLC (NYSE:DEO) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,526 shares of the company’s stock after selling 10 shares during the period. Enterprise Financial Services Corp’s holdings in Diageo PLC were worth $172,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Diageo PLC by 17.2% in the first quarter. Wellington Management Group LLP now owns 4,442,049 shares of the company’s stock worth $479,163,000 after buying an additional 653,461 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Diageo PLC during the second quarter worth $16,434,000. DAVENPORT & Co LLC boosted its position in shares of Diageo PLC by 35.6% in the second quarter. DAVENPORT & Co LLC now owns 528,756 shares of the company’s stock worth $59,686,000 after buying an additional 138,931 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Diageo PLC during the first quarter worth $7,551,000. Finally, Confluence Investment Management LLC boosted its position in shares of Diageo PLC by 9.5% in the second quarter. Confluence Investment Management LLC now owns 678,279 shares of the company’s stock worth $76,564,000 after buying an additional 59,021 shares in the last quarter. 10.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.22% on Wednesday, hitting $108.39. The company had a trading volume of 492,172 shares. The firm has a 50 day moving average of $113.32 and a 200-day moving average of $111.29. Diageo PLC has a 12-month low of $99.59 and a 12-month high of $117.95. The firm has a market capitalization of $68.03 billion, a P/E ratio of 23.92 and a beta of 0.78.
The business also recently disclosed a dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, August 12th were issued a $0.192 dividend. The ex-dividend date was Wednesday, August 10th.
DEO has been the topic of a number of analyst reports. Credit Agricole SA initiated coverage on Diageo PLC in a research note on Thursday, October 6th. They issued a “buy” rating and a $130.00 price target on the stock. Liberum Capital assumed coverage on Diageo PLC in a research report on Monday, October 3rd. They set a “hold” rating for the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. upgraded Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Beaufort Securities restated a “buy” rating on shares of Diageo PLC in a research report on Sunday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $135.78.
About Diageo PLC
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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