Campbell & CO Investment Adviser LLC Invests $5.04 Million in Diageo plc $DEO

Key Points

• Campbell & CO Investment Adviser LLC acquired 48,105 shares of Diageo plc, valued at approximately $5,041,000, indicating growing institutional interest in the company.
• Diageo recently declared a semi-annual dividend of $2.5192, a significant increase from its previous dividend of $1.62, reflecting a boost in shareholder returns.
• The current consensus rating for Diageo is "Hold" with an average target price of $129.00, signaling mixed analyst sentiments towards the stock's future performance.

Campbell & CO Investment Adviser LLC purchased a new stake in Diageo plc (NYSE:DEO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 48,105 shares of the company's stock, valued at approximately $5,041,000.

Several other large investors also recently made changes to their positions in DEO. Oliver Luxxe Assets LLC increased its holdings in Diageo by 47.1% during the 1st quarter. Oliver Luxxe Assets LLC now owns 23,501 shares of the company's stock worth $2,463,000 after purchasing an additional 7,524 shares in the last quarter. RBO & Co. LLC boosted its position in shares of Diageo by 0.3% during the first quarter. RBO & Co. LLC now owns 118,507 shares of the company's stock worth $12,418,000 after buying an additional 302 shares during the period. Clarkston Capital Partners LLC raised its position in Diageo by 1.4% in the 1st quarter. Clarkston Capital Partners LLC now owns 195,744 shares of the company's stock valued at $20,512,000 after buying an additional 2,695 shares during the last quarter. CW Advisors LLC bought a new stake in Diageo in the 1st quarter valued at approximately $457,000. Finally, Partners Capital Investment Group LLP acquired a new position in Diageo during the 1st quarter worth approximately $4,161,000. Institutional investors own 8.97% of the company's stock.

Analysts Set New Price Targets

DEO has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Diageo currently has a consensus rating of "Hold" and a consensus target price of $129.00.

Diageo Stock Performance

Shares of NYSE DEO traded up $0.31 during midday trading on Thursday, hitting $112.34. 719,181 shares of the company's stock were exchanged, compared to its average volume of 1,117,850. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $62.50 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 3.96 and a beta of 0.53. Diageo plc has a 12 month low of $96.45 and a 12 month high of $142.73. The company's 50 day moving average price is $105.58 and its 200 day moving average price is $107.83.

Diageo Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be issued a $2.5192 dividend. This is an increase from Diageo's previous semi-annual dividend of $1.62. This represents a dividend yield of 370.0%. The ex-dividend date is Friday, October 17th. Diageo's dividend payout ratio is presently 46.42%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.