Tradewinds Capital Management LLC Has $141,000 Position in Diageo PLC (NYSE:DEO)

Tradewinds Capital Management LLC maintained its stake in shares of Diageo PLC (NYSE:DEO) during the second quarter, Holdings Channel reports. The institutional investor owned 1,176 shares of the company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Diageo PLC were worth $141,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Diageo PLC by 6.1% in the first quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock valued at $776,513,000 after buying an additional 385,257 shares in the last quarter. Harris Associates L P increased its stake in shares of Diageo PLC by 0.8% in the first quarter. Harris Associates L P now owns 6,703,040 shares of the company’s stock valued at $774,738,000 after buying an additional 50,114 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Diageo PLC by 6.8% in the first quarter. Wells Fargo & Company MN now owns 4,166,694 shares of the company’s stock valued at $481,587,000 after buying an additional 263,838 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Diageo PLC by 1.8% in the first quarter. Wellington Management Group LLP now owns 3,270,879 shares of the company’s stock valued at $378,048,000 after buying an additional 57,038 shares in the last quarter. Finally, Thomaspartners Inc. increased its stake in shares of Diageo PLC by 9.0% in the first quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after buying an additional 167,976 shares in the last quarter. Institutional investors own 12.07% of the company’s stock.

Shares of Diageo PLC (NYSE:DEO) opened at 130.71 on Thursday. The company has a market capitalization of $82.12 billion, a PE ratio of 23.44 and a beta of 0.76. The firm’s 50-day moving average price is $123.11 and its 200 day moving average price is $118.12. Diageo PLC has a one year low of $99.46 and a one year high of $133.17.

The business also recently announced 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. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%.

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DEO has been the topic of several recent analyst reports. BidaskClub downgraded shares of Diageo PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $142.36 to $153.00 in a report on Friday, July 28th. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Jefferies Group LLC set a $142.00 price target on Diageo PLC and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. cut Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company currently 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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