Buckingham Asset Management LLC grew its stake in Diageo plc (NYSE:DEO) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,259 shares of the company’s stock after buying an additional 643 shares during the period. Buckingham Asset Management LLC’s holdings in Diageo were worth $476,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DEO. Segment Wealth Management LLC raised its position in Diageo by 9.0% in the 4th quarter. Segment Wealth Management LLC now owns 17,583 shares of the company’s stock valued at $2,567,000 after purchasing an additional 1,455 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Diageo in the 3rd quarter valued at $3,257,000. Cobblestone Capital Advisors LLC NY raised its position in Diageo by 1.3% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 68,485 shares of the company’s stock valued at $9,049,000 after purchasing an additional 855 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Diageo in the 4th quarter valued at $3,814,000. Finally, Ironwood Investment Counsel LLC raised its position in Diageo by 6.0% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 24,351 shares of the company’s stock valued at $3,217,000 after purchasing an additional 1,371 shares during the last quarter. Institutional investors and hedge funds own 12.03% of the company’s stock.
Several research firms recently commented on DEO. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Wednesday, February 7th. Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 7th. BNP Paribas downgraded shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. Royal Bank of Canada downgraded shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group set a $157.00 price target on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $153.75.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Friday, February 23rd will be given a dividend of $1.4232 per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 1.96%.
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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