Fifth Third Bancorp held its stake in shares of Diageo PLC (NYSE:DEO) during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 25,170 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Diageo PLC were worth $2,921,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Hall Laurie J Trustee purchased a new stake in shares of Diageo PLC during the fourth quarter worth $101,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock worth $119,000 after buying an additional 12 shares during the last quarter. Mascoma Wealth Management LLC purchased a new stake in shares of Diageo PLC during the fourth quarter worth $119,000. Integrated Wealth Management raised its stake in shares of Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock worth $131,000 after buying an additional 27 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Diageo PLC by 198.5% in the third quarter. Quadrant Capital Group LLC now owns 1,224 shares of the company’s stock worth $133,000 after buying an additional 814 shares during the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.
Diageo PLC (NYSE:DEO) opened at 114.20 on Friday. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $117.84. The stock has a market capitalization of $71.69 billion, a P/E ratio of 24.46 and a beta of 0.80. The company has a 50 day moving average of $109.62 and a 200-day moving average of $109.27.
The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Friday, February 24th will be paid a dividend of $1.1916 per share. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a yield of 2.11%.
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A number of equities research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating on shares of Diageo PLC in a report on Tuesday, November 29th. Liberum Capital lowered shares of Diageo PLC from a “hold” rating to a “sell” rating in a report on Monday, January 30th. Macquarie assumed coverage on shares of Diageo PLC in a report on Monday, November 28th. They issued an “underperform” rating on the stock. J P Morgan Chase & Co restated a “buy” rating on shares of Diageo PLC in a report on Friday, December 2nd. Finally, HSBC Holdings plc upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $157.50.
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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