The Manufacturers Life Insurance Company Acquires 115,666 Shares of Diageo PLC (NYSE:DEO)

The Manufacturers Life Insurance Company increased its position in Diageo PLC (NYSE:DEO) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,195,108 shares of the company’s stock after buying an additional 115,666 shares during the quarter. The Manufacturers Life Insurance Company owned 0.19% of Diageo PLC worth $143,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Causeway Capital Management LLC increased its stake in Diageo PLC by 2.9% in the 1st quarter. Causeway Capital Management LLC now owns 94,118 shares of the company’s stock worth $10,878,000 after purchasing an additional 2,666 shares during the period. Allen Investment Management LLC increased its stake in Diageo PLC by 16.3% in the 2nd quarter. Allen Investment Management LLC now owns 27,810 shares of the company’s stock worth $3,332,000 after purchasing an additional 3,892 shares during the period. Geode Capital Management LLC increased its stake in Diageo PLC by 33.4% in the 1st quarter. Geode Capital Management LLC now owns 13,616 shares of the company’s stock worth $1,573,000 after purchasing an additional 3,411 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Diageo PLC by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 25,297 shares of the company’s stock valued at $2,937,000 after buying an additional 867 shares during the period. Finally, Glassman Wealth Services increased its stake in shares of Diageo PLC by 116.8% during the first quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares during the period. Institutional investors own 11.69% of the company’s stock.

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Several equities research analysts recently weighed in on the company. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Zacks Investment Research raised Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.40 price target (up from $155.20) on shares of Diageo PLC in a research note on Saturday, September 30th. Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Finally, BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $152.35.

Shares of Diageo PLC (NYSE DEO) traded up 0.81% during mid-day trading on Wednesday, reaching $135.72. The company’s stock had a trading volume of 128,229 shares. The firm’s 50-day moving average price is $133.84 and its 200 day moving average price is $124.74. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59. The firm has a market cap of $85.28 billion, a P/E ratio of 24.38 and a beta of 0.73.

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

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.

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

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