Highland Capital Management LLC Maintains Stake in Diageo PLC (DEO)
Highland Capital Management LLC maintained its position in Diageo PLC (NYSE:DEO) during the third quarter, Holdings Channel reports. The fund owned 12,669 shares of the company’s stock at the end of the third quarter. Highland Capital Management LLC’s holdings in Diageo PLC were worth $1,470,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Citizens Financial Group Inc RI raised its position in Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock worth $101,000 after buying an additional 26 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its position in 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 in the last quarter. Integrated Wealth Management raised its position in 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 in the last quarter. Jolley Asset Management LLC raised its position in Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock worth $140,000 after buying an additional 337 shares in the last quarter. Finally, Washington Trust Bank raised its position in Diageo PLC by 9.5% in the third quarter. Washington Trust Bank now owns 1,359 shares of the company’s stock worth $158,000 after buying an additional 118 shares in the last quarter. 13.52% of the stock is owned by hedge funds and other institutional investors.
Diageo PLC (NYSE:DEO) traded up 0.28% on Tuesday, hitting $102.09. 968,586 shares of the stock were exchanged. Diageo PLC has a one year low of $99.46 and a one year high of $117.84. The company has a 50 day moving average of $105.37 and a 200 day moving average of $110.35. The stock has a market capitalization of $64.07 billion, a P/E ratio of 23.24 and a beta of 0.80.
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A number of research firms recently commented on DEO. Jefferies Group reaffirmed a “buy” rating on shares of Diageo PLC in a research note on Tuesday. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a research note on Friday, September 16th. initiated coverage on shares of Diageo PLC in a research note on Thursday, October 6th. They set a “buy” rating and a $130.00 target price for the company. Macquarie initiated coverage on shares of Diageo PLC in a research note on Monday. They set an “underperform” rating for the company. Finally, Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $135.78.
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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