Diageo PLC (DEO) Shares Sold by St. James Investment Company LLC

St. James Investment Company LLC lowered its stake in shares of Diageo PLC (NYSE:DEO) by 46.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 336,255 shares of the company’s stock after selling 290,606 shares during the period. Diageo PLC accounts for 5.0% of St. James Investment Company LLC’s portfolio, making the stock its 10th largest position. St. James Investment Company LLC owned approximately 0.05% of Diageo PLC worth $40,293,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Carret Asset Management LLC boosted its stake in Diageo PLC by 0.5% in the first quarter. Carret Asset Management LLC now owns 3,064 shares of the company’s stock valued at $354,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust increased its position in Diageo PLC by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,526 shares of the company’s stock worth $303,000 after buying an additional 20 shares in the last quarter. Investment Centers of America Inc. increased its position in Diageo PLC by 0.3% in the first quarter. Investment Centers of America Inc. now owns 6,579 shares of the company’s stock worth $761,000 after buying an additional 22 shares in the last quarter. Capital One National Association increased its position in Diageo PLC by 0.7% in the second quarter. Capital One National Association now owns 3,119 shares of the company’s stock worth $374,000 after buying an additional 22 shares in the last quarter. Finally, Lourd Capital LLC increased its position in Diageo PLC by 0.4% in the second quarter. Lourd Capital LLC now owns 7,646 shares of the company’s stock valued at $916,000 after buying an additional 30 shares during the period. 12.06% of the stock is currently owned by institutional investors.

Shares of Diageo PLC (NYSE:DEO) traded down 0.62% during midday trading on Friday, hitting $132.05. The company had a trading volume of 333,382 shares. The company has a 50-day moving average of $125.30 and a 200-day moving average of $119.11. The company has a market capitalization of $82.98 billion, a PE ratio of 24.04 and a beta of 0.76. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $134.49.

The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a $2.0322 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from Diageo PLC’s previous semiannual dividend of $1.19. This represents a dividend yield of 3.12%.

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Several research analysts have recently commented on the company. BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $142.36 to $153.00 in a research note on Friday, July 28th. Jefferies Group LLC set a $142.00 target price on Diageo PLC and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. downgraded Diageo PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 25th. Finally, Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $141.67.

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.

Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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