Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of Diageo plc (NYSE:DEO) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,889 shares of the company’s stock after acquiring an additional 645 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Diageo were worth $1,126,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 9258 Wealth Management LLC grew its stake in shares of Diageo by 8.0% in the second quarter. 9258 Wealth Management LLC now owns 2,483 shares of the company’s stock worth $428,000 after acquiring an additional 184 shares during the last quarter. Cetera Investment Advisers raised its position in Diageo by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 6,416 shares of the company’s stock valued at $1,109,000 after purchasing an additional 193 shares in the last quarter. Creative Planning raised its position in Diageo by 12.0% during the 2nd quarter. Creative Planning now owns 26,746 shares of the company’s stock valued at $4,609,000 after purchasing an additional 2,860 shares in the last quarter. Van Hulzen Asset Management LLC bought a new stake in Diageo during the 2nd quarter valued at $252,000. Finally, Arden Trust Co bought a new stake in Diageo during the 2nd quarter valued at $1,725,000. 9.49% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Kepler Capital Markets lowered Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine lowered Diageo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Societe Generale lowered Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $178.00.
The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th were given a $2.111 dividend. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Thursday, August 8th. Diageo’s payout ratio is presently 61.63%.
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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