Roffman Miller Associates Inc. PA boosted its holdings in shares of Diageo plc (NYSE:DEO) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,754 shares of the company’s stock after purchasing an additional 1,248 shares during the quarter. Diageo comprises 2.2% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 25th biggest holding. Roffman Miller Associates Inc. PA’s holdings in Diageo were worth $17,488,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of DEO. Family Capital Trust Co bought a new stake in Diageo in the 3rd quarter worth approximately $119,000. Tower Research Capital LLC TRC increased its stake in Diageo by 404.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,039 shares of the company’s stock worth $125,000 after acquiring an additional 833 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in Diageo in the 3rd quarter worth approximately $125,000. UBS Asset Management Americas Inc. increased its stake in Diageo by 124.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock worth $177,000 after acquiring an additional 820 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new stake in Diageo in the 3rd quarter worth approximately $185,000. 12.20% of the stock is currently owned by institutional investors.
DEO has been the topic of a number of research reports. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. BNP Paribas downgraded Diageo from an “outperform” rating to a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada downgraded Diageo from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group set a $157.00 price objective on Diageo and gave the stock a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $153.75.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be issued a $1.4232 dividend. This represents a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd. Diageo’s dividend payout ratio (DPR) is 45.26%.
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Diageo 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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