Hartwell J M Limited Partnership Has $997,000 Holdings in Diageo plc (NYSE:DEO)

Hartwell J M Limited Partnership increased its position in shares of Diageo plc (NYSE:DEO) by 8.4% during the third quarter, HoldingsChannel.com reports. The firm owned 6,100 shares of the company’s stock after buying an additional 473 shares during the period. Diageo accounts for about 0.2% of Hartwell J M Limited Partnership’s investment portfolio, making the stock its 28th largest holding. Hartwell J M Limited Partnership’s holdings in Diageo were worth $997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. First Trust Advisors LP increased its position in shares of Diageo by 7.9% during the first quarter. First Trust Advisors LP now owns 180,382 shares of the company’s stock valued at $29,512,000 after purchasing an additional 13,161 shares during the period. MML Investors Services LLC increased its position in shares of Diageo by 20.5% during the first quarter. MML Investors Services LLC now owns 13,180 shares of the company’s stock valued at $2,156,000 after purchasing an additional 2,246 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Diageo during the first quarter valued at approximately $456,000. Northern Trust Corp increased its position in shares of Diageo by 11.3% during the first quarter. Northern Trust Corp now owns 844,162 shares of the company’s stock valued at $138,113,000 after purchasing an additional 85,578 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Diageo by 393.1% during the first quarter. Lazard Asset Management LLC now owns 238,339 shares of the company’s stock valued at $38,994,000 after purchasing an additional 190,003 shares during the period. Institutional investors and hedge funds own 9.49% of the company’s stock.

DEO has been the topic of a number of research reports. Societe Generale cut 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. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Sanford C. Bernstein upgraded Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Diageo currently has a consensus rating of “Hold” and a consensus target price of $178.00.

NYSE:DEO traded up $0.83 during trading hours on Monday, reaching $164.15. The company had a trading volume of 7,986 shares, compared to its average volume of 379,033. The stock has a 50-day moving average of $165.85 and a two-hundred day moving average of $167.35. Diageo plc has a one year low of $131.43 and a one year high of $176.22. The firm has a market capitalization of $106.40 billion, a PE ratio of 24.32, a PEG ratio of 2.96 and a beta of 0.45. The company has a quick ratio of 0.56, a current ratio of 1.34 and a debt-to-equity ratio of 1.06.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be given a $2.111 dividend. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s dividend payout ratio is 62.52%.

Diageo Company Profile

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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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