Whittier Trust Co. cut its position in shares of Diageo PLC (NYSE:DEO) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 47,505 shares of the company’s stock after selling 2,143 shares during the period. Whittier Trust Co.’s holdings in Diageo PLC were worth $5,363,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. 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. Telemus Capital LLC bought a new stake in Diageo PLC during the second quarter worth $201,000. Newman Dignan & Sheerar Inc. bought a new stake in Diageo PLC during the second quarter worth $203,000. Finally, Warren Averett Asset Management LLC bought a new stake in Diageo PLC during the second quarter worth $206,000. 10.97% of the stock is owned by institutional investors.
Diageo PLC (NYSE:DEO) traded down 0.68% during mid-day trading on Thursday, hitting $113.66. The company had a trading volume of 523,593 shares. The company has a 50 day moving average of $114.54 and a 200 day moving average of $111.09. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The firm has a market capitalization of $71.33 billion, a PE ratio of 24.54 and a beta of 0.78.
The business also recently declared a dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, August 12th will be given a $0.192 dividend. The ex-dividend date is Wednesday, August 10th.
A number of research firms have recently weighed in on DEO. Societe Generale raised Diageo PLC from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Zacks Investment Research lowered Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Bank of America Corp. reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Friday, September 16th. Finally, Credit Agricole SA assumed coverage on Diageo PLC in a research report on Thursday. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $134.28.
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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