Tillar Wenstrup Advisors LLC increased its position in Diageo PLC (NYSE:DEO) by 2.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 16,816 shares of the company’s stock after buying an additional 407 shares during the period. Diageo PLC comprises about 1.9% of Tillar Wenstrup Advisors LLC’s portfolio, making the stock its 28th largest position. Tillar Wenstrup Advisors LLC’s holdings in Diageo PLC were worth $1,898,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of DEO. Jolley Asset Management LLC boosted 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 last quarter. Carroll Financial Associates Inc. boosted its stake 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 valued at $175,000 after buying an additional 200 shares in the last quarter. Telemus Capital LLC acquired a new stake in shares of Diageo PLC during the second quarter valued at $201,000. Newman Dignan & Sheerar Inc. acquired a new stake in shares of Diageo PLC during the second quarter valued at $203,000. Finally, Warren Averett Asset Management LLC acquired a new stake in shares of Diageo PLC during the second quarter valued at $206,000. 10.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.29% during trading on Monday, hitting $116.38. 471,095 shares of the stock traded hands. Diageo PLC has a 12 month low of $99.59 and a 12 month high of $117.95. The firm has a market cap of $73.04 billion, a price-to-earnings ratio of 25.13 and a beta of 0.78. The company has a 50 day moving average price of $114.42 and a 200 day moving average price of $110.91.
The firm also recently announced a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be issued a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
DEO has been the topic of several analyst reports. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a research note on Friday, September 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diageo PLC in a research note on Wednesday, September 7th. Beaufort Securities reissued a “buy” rating on shares of Diageo PLC in a research note on Sunday, July 31st. Barclays PLC cut shares of Diageo PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 8th. Finally, Liberum Capital initiated coverage on shares of Diageo PLC in a research note on Monday. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.28.
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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