Carnick & Kubik Group LLC Has $271,000 Stake in Diageo PLC (DEO)

Carnick & Kubik Group LLC held its position in Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,262 shares of the company’s stock at the end of the second quarter. Carnick & Kubik Group LLC’s holdings in Diageo PLC were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. 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 worth $354,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust increased its position in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after buying an additional 20 shares during the period. 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 worth $761,000 after buying an additional 22 shares during the period. 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 worth $374,000 after buying an additional 22 shares during the period. Finally, Lourd Capital LLC increased its position in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock worth $916,000 after buying an additional 30 shares during the period. 12.07% of the stock is owned by institutional investors and hedge funds.

Shares of Diageo PLC (DEO) opened at 130.71 on Thursday. Diageo PLC has a 52 week low of $99.46 and a 52 week high of $133.17. The firm has a 50-day moving average of $123.11 and a 200-day moving average of $118.12. The firm has a market cap of $82.12 billion, a PE ratio of 23.44 and a beta of 0.76.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be given a dividend of $2.0322 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.

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A number of research analysts recently weighed in on the stock. Jefferies Group LLC set a $142.00 target price on shares of Diageo PLC and gave the company a “buy” rating in a research report on Saturday, June 17th. BidaskClub upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Citigroup Inc. cut shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $141.67.

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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