Scotia Capital Inc. Has $16.41 Million Stake in Diageo PLC (DEO)

Scotia Capital Inc. raised its stake in shares of Diageo PLC (NYSE:DEO) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,974 shares of the company’s stock after buying an additional 877 shares during the quarter. Scotia Capital Inc.’s holdings in Diageo PLC were worth $16,413,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new position in shares of Diageo PLC during the 1st quarter worth about $118,000. Tower Research Capital LLC TRC grew its position in shares of Diageo PLC by 404.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the company’s stock worth $125,000 after buying an additional 833 shares during the period. Glassman Wealth Services grew its position in shares of Diageo PLC by 116.8% during the 1st quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after buying an additional 577 shares during the period. Acrospire Investment Management LLC grew its position in shares of Diageo PLC by 62.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $156,000 after buying an additional 500 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Diageo PLC by 11.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,391 shares of the company’s stock worth $142,000 after buying an additional 142 shares during the period. Institutional investors own 11.70% of the company’s stock.

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Shares of Diageo PLC (DEO) traded up 1.25% during trading on Tuesday, hitting $135.33. The company had a trading volume of 156,296 shares. The stock has a 50-day moving average of $133.44 and a 200 day moving average of $124.18. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 24.30 and a beta of 0.73. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be issued a $2.0322 dividend. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. This represents a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 9th.

Several equities analysts recently issued reports on the company. Berenberg Bank lowered Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $154.20 price objective (up from $142.25) on shares of Diageo PLC in a research report on Friday, September 1st. BidaskClub upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Tuesday, August 22nd. Finally, Evercore ISI assumed coverage on Diageo PLC in a research report on Thursday, September 28th. They issued an “outperform” rating and a $152.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Diageo PLC presently has a consensus rating of “Hold” and a consensus price target of $152.35.

Diageo PLC 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.

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

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