Country Club Trust Company n.a. increased its stake in shares of Diageo PLC (NYSE:DEO) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 71,131 shares of the company’s stock after buying an additional 593 shares during the period. Diageo PLC accounts for 1.2% of Country Club Trust Company n.a.’s portfolio, making the stock its 29th largest position. Country Club Trust Company n.a.’s holdings in Diageo PLC were worth $8,524,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC boosted its stake in Diageo PLC by 297.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock valued at $116,000 after buying an additional 738 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in Diageo PLC during the first quarter valued at about $118,000. 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 valued at $124,000 after buying an additional 577 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in Diageo PLC by 8.5% in the first quarter. Tradewinds Capital Management LLC now owns 1,176 shares of the company’s stock valued at $136,000 after buying an additional 92 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Diageo PLC by 429.2% in the first quarter. Quadrant Capital Group LLC now owns 1,249 shares of the company’s stock valued at $137,000 after buying an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 12.10% of the company’s stock.
Shares of Diageo PLC (NYSE:DEO) traded up 0.79% during mid-day trading on Monday, hitting $119.22. 285,054 shares of the stock were exchanged. The stock has a market cap of $74.84 billion, a price-to-earnings ratio of 24.55 and a beta of 0.74. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $123.48. The company has a 50-day moving average price of $121.06 and a 200-day moving average price of $114.44.
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Several equities research analysts recently weighed in on DEO shares. Jefferies Group LLC set a $120.00 price target on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Saturday, March 18th. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Finally, Citigroup Inc. lowered shares of Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $136.00.
About Diageo PLC
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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