The Diageo PLC (DEO) Stake Raised by Cullen Capital Management LLC, Report finds

The Diageo PLC (DEO) Stake Raised by Cullen Capital Management LLC, Report finds

Several other institutional investors have also added to or reduced their stakes in the company. World Asset Management Inc increased its position in shares of Diageo PLC by 8.3% in the second quarter. World Asset Management Inc now owns 38,939 shares of the company’s stock valued at $4,395,000 after buying an additional 2,993 shares in the last quarter. Nuance Investments LLC increased its position in shares of Diageo PLC by 5.8% in the second quarter. Nuance Investments LLC now owns 473,067 shares of the company’s stock valued at $53,400,000 after buying an additional 25,829 shares in the last quarter. Lee Danner & Bass Inc. increased its position in shares of Diageo PLC by 14.4% in the second quarter. Lee Danner & Bass Inc. now owns 25,552 shares of the company’s stock valued at $2,884,000 after buying an additional 3,225 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Diageo PLC by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 2,776 shares of the company’s stock valued at $313,000 after buying an additional 15 shares in the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of Diageo PLC by 3.7% in the second quarter. Ngam Advisors L.P. now owns 125,073 shares of the company’s stock valued at $14,118,000 after buying an additional 4,428 shares in the last quarter. 13.39% of the stock is owned by institutional investors.

Cullen Capital Management LLC raised its position in Diageo PLC (NYSE:DEO) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 531,680 shares of the company’s stock after buying an additional 16,920 shares during the period. Diageo PLC accounts for about 2.1% of Cullen Capital Management LLC’s portfolio, making the stock its 26th largest position. Cullen Capital Management LLC’s holdings in Diageo PLC were worth $61,696,000 at the end of the most recent reporting period.

Shares of Diageo PLC (NYSE:DEO) opened at 113.83 on Monday. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $117.84. The stock’s 50 day moving average is $108.51 and its 200 day moving average is $109.31. The firm has a market cap of $71.46 billion, a PE ratio of 24.45 and a beta of 0.80.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, February 24th will be given a dividend of $1.1916 per share. The ex-dividend date is Wednesday, February 22nd. This represents a yield of 2.11%.

Several equities analysts recently issued reports on DEO shares. Jefferies Group LLC reissued a “buy” rating on shares of Diageo PLC in a report on Tuesday, October 18th. HSBC Holdings plc raised shares of Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Macquarie started coverage on shares of Diageo PLC in a report on Monday, November 28th. They set an “underperform” rating for the company. J P Morgan Chase & Co reissued a “buy” rating on shares of Diageo PLC in a report on Friday, December 2nd. Finally, Zacks Investment Research raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a report on Friday, December 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $157.50.

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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