CIBC Asset Management Inc lifted its stake in shares of Diageo plc (NYSE:DEO) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,145 shares of the company’s stock after acquiring an additional 412 shares during the period. CIBC Asset Management Inc’s holdings in Diageo were worth $1,043,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in DEO. Ameriprise Financial Inc. raised its holdings in Diageo by 5.3% in the second quarter. Ameriprise Financial Inc. now owns 68,624 shares of the company’s stock valued at $8,227,000 after buying an additional 3,446 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Diageo by 124.4% in the second quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock valued at $177,000 after buying an additional 820 shares during the period. Dimensional Fund Advisors LP raised its holdings in Diageo by 20.7% in the second quarter. Dimensional Fund Advisors LP now owns 477,570 shares of the company’s stock valued at $57,227,000 after buying an additional 81,823 shares during the period. Gotham Asset Management LLC purchased a new position in Diageo in the second quarter valued at approximately $278,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Diageo by 16.2% in the second quarter. Cubist Systematic Strategies LLC now owns 2,427 shares of the company’s stock valued at $291,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 12.17% of the company’s stock.
Several research analysts recently commented on DEO shares. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a report on Wednesday, February 7th. Jefferies Group set a $157.00 price target on shares of Diageo and gave the company a “buy” rating in a report on Thursday, January 11th. BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Macquarie upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $153.75.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be paid a dividend of $1.4232 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.96%.
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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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