HM Payson & Co. lowered its position in Diageo PLC (NYSE:DEO) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,179 shares of the company’s stock after selling 26,310 shares during the period. Diageo PLC accounts for approximately 1.3% of HM Payson & Co.’s investment portfolio, making the stock its 25th largest position. HM Payson & Co.’s holdings in Diageo PLC were worth $26,478,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HS Management Partners LLC increased its stake in shares of Diageo PLC by 20.1% in the second quarter. HS Management Partners LLC now owns 1,237,470 shares of the company’s stock valued at $139,686,000 after buying an additional 207,200 shares during the period. Thomaspartners Inc. increased its stake in shares of Diageo PLC by 7.5% in the third quarter. Thomaspartners Inc. now owns 1,510,873 shares of the company’s stock valued at $175,322,000 after buying an additional 104,961 shares during the period. Sather Financial Group Inc increased its stake in shares of Diageo PLC by 535.3% in the second quarter. Sather Financial Group Inc now owns 99,377 shares of the company’s stock valued at $11,218,000 after buying an additional 83,734 shares during the period. Wells Fargo & Company MN increased its stake in shares of Diageo PLC by 1.9% in the third quarter. Wells Fargo & Company MN now owns 3,877,855 shares of the company’s stock valued at $449,985,000 after buying an additional 73,679 shares during the period. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Diageo PLC during the second quarter valued at about $3,615,000. 13.51% of the stock is currently owned by institutional investors.
Diageo PLC (NYSE:DEO) traded down 0.12% during midday trading on Friday, hitting $114.07. The stock had a trading volume of 235,781 shares. Diageo PLC has a one year low of $99.46 and a one year high of $117.84. The company has a market cap of $71.61 billion, a P/E ratio of 24.39 and a beta of 0.80. The stock’s 50-day moving average is $108.19 and its 200-day moving average is $109.31.
The firm also recently announced a semiannual dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Friday, February 24th will be issued a $1.1916 dividend. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Several analysts recently issued reports on DEO shares. HSBC Holdings plc raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Jefferies Group LLC restated a “buy” rating on shares of Diageo PLC in a research report on Tuesday, October 18th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a research report on Friday, December 16th. JPMorgan Chase & Co. restated a “buy” rating on shares of Diageo PLC in a research report on Friday, December 2nd. Finally, Macquarie began coverage on Diageo PLC in a research report on Monday, November 28th. They issued an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Diageo PLC currently has an average rating of “Hold” and a consensus price target of $141.21.
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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