Diageo PLC (NYSE:DEO) Position Maintained by Davis R M Inc.

Davis R M Inc. continued to hold its stake in Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,375 shares of the company’s stock at the end of the second quarter. Davis R M Inc.’s holdings in Diageo PLC were worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Causeway Capital Management LLC boosted 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 worth $10,878,000 after buying an additional 2,666 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in Diageo PLC during the first quarter worth about $202,000. Greenleaf Trust bought a new stake in Diageo PLC during the first quarter worth about $274,000. Glassman Wealth Services boosted its stake in Diageo PLC by 116.8% in the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after buying an additional 577 shares in the last quarter. Finally, Markel Corp boosted its stake in Diageo PLC by 0.9% in the first quarter. Markel Corp now owns 1,334,800 shares of the company’s stock worth $154,276,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 12.07% of the company’s stock.

Diageo PLC (DEO) opened at 132.96 on Tuesday. The company has a market capitalization of $83.53 billion, a price-to-earnings ratio of 24.30 and a beta of 0.76. The company’s 50-day moving average is $121.35 and its 200-day moving average is $117.22. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $133.00.

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

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DEO has been the subject of a number of research reports. Jefferies Group LLC set a $120.00 target price on shares of Diageo PLC and gave the stock a “buy” rating in a research note on Friday, April 21st. Sanford C. Bernstein upgraded shares of Diageo PLC from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Finally, BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price 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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