Regentatlantic Capital LLC decreased its holdings in Diageo PLC (NYSE:DEO) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,946 shares of the company’s stock after selling 558 shares during the period. Regentatlantic Capital LLC’s holdings in Diageo PLC were worth $257,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC bought a new stake in Diageo PLC in the second quarter valued at approximately $278,000. Causeway Capital Management LLC raised its stake in Diageo PLC by 2.9% in the first quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock valued at $10,878,000 after buying an additional 2,666 shares during the period. Allen Investment Management LLC raised its stake in Diageo PLC by 16.3% in the second quarter. Allen Investment Management LLC now owns 27,810 shares of the company’s stock valued at $3,332,000 after buying an additional 3,892 shares during the period. Geode Capital Management LLC raised its stake in Diageo PLC by 33.4% in the first quarter. Geode Capital Management LLC now owns 13,616 shares of the company’s stock valued at $1,573,000 after buying an additional 3,411 shares during the period. Finally, Manitou Investment Management Ltd. raised its stake in Diageo PLC by 11.9% in the second quarter. Manitou Investment Management Ltd. now owns 124,050 shares of the company’s stock valued at $14,865,000 after buying an additional 13,200 shares during the period. Hedge funds and other institutional investors own 11.68% of the company’s stock.
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Diageo PLC (NYSE DEO) traded up 0.42% during trading on Tuesday, hitting $137.13. The stock had a trading volume of 67,910 shares. The firm has a market capitalization of $86.17 billion, a PE ratio of 24.63 and a beta of 0.73. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $137.59. The firm has a 50 day moving average price of $134.25 and a 200-day moving average price of $126.35.
DEO has been the topic of several research analyst reports. BidaskClub lowered Diageo PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $142.36 to $153.00 in a research note on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $154.20 price objective (up previously from $142.25) on shares of Diageo PLC in a research note on Friday, September 1st. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Tuesday, August 22nd. Finally, Berenberg Bank lowered Diageo PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Diageo PLC currently has an average rating of “Hold” and an average target price of $152.35.
About Diageo PLC
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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