HS Management Partners LLC Boosts Position in Diageo PLC (DEO)

HS Management Partners LLC boosted its holdings in shares of Diageo PLC (NYSE:DEO) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,560,354 shares of the company’s stock after acquiring an additional 46,975 shares during the quarter. Diageo PLC accounts for 6.1% of HS Management Partners LLC’s portfolio, making the stock its 7th biggest holding. HS Management Partners LLC owned about 0.25% of Diageo PLC worth $186,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DEO. BlackRock Inc. boosted its holdings in Diageo PLC by 13,115.4% during the 1st quarter. BlackRock Inc. now owns 1,750,247 shares of the company’s stock valued at $202,293,000 after acquiring an additional 1,737,003 shares during the period. Bank of America Corp DE boosted its holdings in Diageo PLC by 6.1% during the 1st quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock valued at $776,513,000 after acquiring an additional 385,257 shares during the period. Morgan Stanley boosted its holdings in Diageo PLC by 12.6% during the 1st quarter. Morgan Stanley now owns 1,958,009 shares of the company’s stock valued at $226,307,000 after acquiring an additional 218,450 shares during the period. Thomaspartners Inc. boosted its holdings in Diageo PLC by 9.0% during the 1st quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after acquiring an additional 167,976 shares during the period. Finally, Karp Capital Management Corp purchased a new position in Diageo PLC during the 1st quarter valued at $16,790,000. Institutional investors own 11.72% of the company’s stock.

A number of research firms recently issued reports on DEO. Berenberg Bank cut Diageo PLC from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $154.20 price objective (up previously from $142.25) on shares of Diageo PLC in a report on Friday, September 1st. BidaskClub upgraded Diageo PLC from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Tuesday, August 22nd. Finally, Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $142.36 to $153.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Diageo PLC has an average rating of “Hold” and a consensus target price of $146.55.

Shares of Diageo PLC (DEO) traded up 0.33% during midday trading on Friday, hitting $135.37. The company’s stock had a trading volume of 359,316 shares. The firm has a market cap of $85.06 billion, a price-to-earnings ratio of 24.81 and a beta of 0.75. Diageo PLC has a 12-month low of $99.46 and a 12-month high of $137.59. The firm has a 50-day moving average of $132.86 and a 200 day moving average of $121.90.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be paid a $2.0322 dividend. The ex-dividend date 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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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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Institutional Ownership by Quarter for Diageo PLC (NYSE:DEO)

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