Campbell & CO Investment Adviser LLC Acquires New Shares 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 acquired a new position in shares of Diageo plc (NYSE:DEO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,105 shares of the company's stock, valued at approximately $5,041,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Orion Capital Management LLC purchased a new position in Diageo during the 4th quarter worth approximately $25,000. Perkins Coie Trust Co purchased a new position in Diageo during the 1st quarter worth approximately $27,000. Barrett & Company Inc. purchased a new position in Diageo during the 1st quarter worth approximately $27,000. Abound Financial LLC purchased a new position in Diageo during the 1st quarter worth approximately $27,000. Finally, Opal Wealth Advisors LLC purchased a new position in Diageo during the 1st quarter worth approximately $30,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Down 0.5%

Shares of Diageo stock traded down $0.55 on Friday, hitting $111.63. 558,787 shares of the company traded hands, compared to its average volume of 1,114,360. The company has a 50-day moving average price of $105.80 and a 200 day moving average price of $107.85. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a 12-month low of $96.45 and a 12-month high of $142.73. The company has a market cap of $62.10 billion, a PE ratio of 16.30, a PEG ratio of 4.00 and a beta of 0.53.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be paid a $2.5192 dividend. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from Diageo's previous semi-annual dividend of $1.62. Diageo's dividend payout ratio (DPR) is presently 72.55%.

Analyst Ratings Changes

Several equities analysts have weighed in on DEO shares. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $129.00.

Diageo Company 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.