Whittier Trust Co. of Nevada Inc. Has $3.34 Million Holdings in Diageo plc (DEO)
Whittier Trust Co. of Nevada Inc. decreased its holdings in shares of Diageo plc (NYSE:DEO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,905 shares of the company’s stock after selling 1,006 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Diageo were worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Bangor Savings Bank raised its holdings in Diageo by 0.9% during the 2nd quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock valued at $212,000 after acquiring an additional 16 shares during the period. Advisory Services Network LLC raised its holdings in Diageo by 1.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock valued at $393,000 after acquiring an additional 62 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Diageo by 16.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,427 shares of the company’s stock valued at $291,000 after acquiring an additional 338 shares during the period. Benedict Financial Advisors Inc. raised its holdings in Diageo by 1.7% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 22,775 shares of the company’s stock valued at $3,009,000 after acquiring an additional 373 shares during the period. Finally, Allen Investment Management LLC raised its holdings in Diageo by 1.3% during the 3rd quarter. Allen Investment Management LLC now owns 28,185 shares of the company’s stock valued at $3,724,000 after acquiring an additional 375 shares during the period. 12.20% of the stock is currently owned by institutional investors and hedge funds.
DEO has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Diageo from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Wednesday. Jefferies Group set a $157.00 target price on shares of Diageo and gave the company a “buy” rating in a report on Thursday, January 11th. BNP Paribas cut shares of Diageo from an “outperform” rating to a “neutral” rating in a report on Monday, January 29th. Finally, Macquarie raised shares of Diageo from an “underperform” rating to a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $153.75.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be issued a $1.4232 dividend. The ex-dividend date 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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