Kornitzer Capital Management Inc. KS Lowers Position in Diageo PLC (DEO)

Kornitzer Capital Management Inc. KS lowered its position in Diageo PLC (NYSE:DEO) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 132,330 shares of the company’s stock after selling 4,035 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Diageo PLC were worth $14,937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jolley Asset Management LLC increased its position 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. increased its position 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 last quarter. Telemus Capital LLC purchased a new position in Diageo PLC during the second quarter worth about $201,000. Newman Dignan & Sheerar Inc. purchased a new position in Diageo PLC during the second quarter worth about $203,000. Finally, Warren Averett Asset Management LLC purchased a new position in Diageo PLC during the second quarter worth about $206,000. Institutional investors and hedge funds own 10.97% of the company’s stock.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

Diageo PLC (NYSE:DEO) traded down 0.91% during mid-day trading on Friday, hitting $108.50. The stock had a trading volume of 558,862 shares. Diageo PLC has a 1-year low of $99.59 and a 1-year high of $117.95. The stock has a market cap of $68.09 billion, a PE ratio of 23.94 and a beta of 0.78. The firm’s 50-day moving average price is $113.89 and its 200-day moving average price is $111.22.

The firm also recently disclosed a dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th were paid a $0.192 dividend. The ex-dividend date of this dividend was Wednesday, August 10th.

A number of research analysts recently issued reports on the company. Societe Generale upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Barclays PLC downgraded Diageo PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Bank of America Corp. reiterated a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. Zacks Investment Research downgraded Diageo PLC from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 5th. Finally, Credit Agricole SA reiterated an “outperform” rating on shares of Diageo PLC in a report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price 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.

5 Day Chart for NYSE:DEO

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