Landsberg Bennett & Dubbaneh LLC grew its holdings in shares of Diageo plc (NYSE:DEO) by 18.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,994 shares of the company’s stock after buying an additional 3,315 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Diageo were worth $3,413,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Welch & Forbes LLC increased its stake in shares of Diageo by 3.7% during the third quarter. Welch & Forbes LLC now owns 6,252 shares of the company’s stock valued at $1,023,000 after buying an additional 225 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Diageo by 10.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,889 shares of the company’s stock worth $1,126,000 after purchasing an additional 645 shares during the period. Pacer Advisors Inc. grew its stake in Diageo by 48.8% in the third quarter. Pacer Advisors Inc. now owns 3,199 shares of the company’s stock worth $523,000 after purchasing an additional 1,049 shares during the period. We Are One Seven LLC grew its stake in Diageo by 2.7% in the third quarter. We Are One Seven LLC now owns 9,641 shares of the company’s stock worth $1,576,000 after purchasing an additional 257 shares during the period. Finally, Gofen & Glossberg LLC IL grew its stake in Diageo by 10.5% in the third quarter. Gofen & Glossberg LLC IL now owns 1,835 shares of the company’s stock worth $300,000 after purchasing an additional 175 shares during the period. 9.49% of the stock is currently owned by hedge funds and other institutional investors.
DEO has been the topic of several recent research reports. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Societe Generale downgraded Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Kepler Capital Markets downgraded Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Diageo currently has a consensus rating of “Hold” and an average price target of $178.00.
The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th were issued a dividend of $2.111 per share. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Thursday, August 8th. Diageo’s dividend payout ratio is presently 61.63%.
Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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