North American Management Corp Cuts Stake in Diageo PLC (NYSE:DEO)

North American Management Corp lowered its stake in Diageo PLC (NYSE:DEO) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,886 shares of the company’s stock after selling 577 shares during the period. Diageo PLC accounts for about 1.2% of North American Management Corp’s investment portfolio, making the stock its 29th largest position. North American Management Corp’s holdings in Diageo PLC were worth $7,176,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in DEO. Carret Asset Management LLC increased its position in Diageo PLC by 0.5% in the first quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock valued at $354,000 after buying an additional 15 shares during the last quarter. Investment Centers of America Inc. increased its position in Diageo PLC by 0.3% in the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock valued at $761,000 after buying an additional 22 shares during the last quarter. Capital One National Association increased its position in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock valued at $374,000 after buying an additional 22 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in Diageo PLC by 0.3% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 10,785 shares of the company’s stock valued at $1,292,000 after buying an additional 37 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its position in Diageo PLC by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,622 shares of the company’s stock valued at $187,000 after buying an additional 43 shares during the last quarter. 12.11% of the stock is owned by institutional investors.

Diageo PLC (NYSE:DEO) traded down 0.51% on Monday, hitting $121.13. The company had a trading volume of 288,918 shares. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $123.48. The stock has a market cap of $76.04 billion, a P/E ratio of 24.94 and a beta of 0.74. The firm’s 50 day moving average price is $121.06 and its 200 day moving average price is $114.44.

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DEO has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $142.00 price objective on Diageo PLC and gave the company a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. cut Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Zacks Investment Research upgraded Diageo PLC from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub cut Diageo PLC from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Societe Generale upgraded Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Diageo PLC presently has a consensus rating of “Hold” and an average target price of $136.00.

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

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